Monday, May 2

Qualities professional trade needs to develop

Trading is not an easiest job to do,as it requires year of practice with control over emotions over a period of time to be profitable on consistent basis.  Let me share my experience what qualities a trader require to be a professional day trader

Never Buy Auto Buy and Sell  Software

Most of traders are interested in Buying AFL for Amibroker , Program from Metastock   which gives automatic Buy and Sell signal. What looks so easy is the most difficult thing to follow.  Think logically if it was so simple buying a software program and to trade why 90% of trader lose money doing day trading ?
The biggest problem with such software is they cannot adapt for changing market conditions, as they cannot be tweaked once you have purchased and which lead to huge losses to traders. Some program can perform great when Volatility is high but fails miserably  when volatility comes down .


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