Why Traders should NOT set money or percentage goals
First of all: Happy Maha Shivratri !!
On this auspicious occasion We as traders should make resolutions that should enable us to finally escape the unprofitable trading behavior . The truth is, after one week of great trading, most traders will fall back into old patterns and desperately chase the millions they think they can make by using bigger positions, taking trades based on guessing and looking for new and better trading systems. By considering and answering the following points, and not forgetting them throughout the year, you will come your goal of becoming a consistently profitable trader a lot closer.
Ask yourself the following questions to get a clear picture of your current standpoint as a trader:
On this auspicious occasion We as traders should make resolutions that should enable us to finally escape the unprofitable trading behavior . The truth is, after one week of great trading, most traders will fall back into old patterns and desperately chase the millions they think they can make by using bigger positions, taking trades based on guessing and looking for new and better trading systems. By considering and answering the following points, and not forgetting them throughout the year, you will come your goal of becoming a consistently profitable trader a lot closer.
Honest Self-Check
The first step towards becoming the consistently profitable trader, who lives from his trading profits, is being clear about where you are now.Ask yourself the following questions to get a clear picture of your current standpoint as a trader:
- How long have I been trading? If you have been trading for a few years and still cannot see the light at the end of the tunnel, it is time to change EVERYTHING you do about trading.
- Am I close to making it as a trader? ...
posted by Bramesh at
2:24 PM
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