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Showing posts with the label successful-traders-strategies

TEN GOOD REASONS TO AVOID DAY TRADING

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TEN GOOD REASONS TO AVOID DAY TRADING Day trading isn’t right for everyone. In fact, it’s a bad idea for most  people. It requires a strong personality, someone who can face the gyra tions of the markets day in and day out. And it also requires someone with  enough attention to detail to run a business. It’s a great career option for the  right person in the right circumstances. But for people who have trouble  keeping cool, who don’t have the patience to learn how to trade, and for  anyone who has a gambling problem, day trading can be a quick road to ruin. I list ten signs that maybe day trading isn’t right for you right  now. Take them seriously. Most day traders lose money, in part because a  lot of people who aren’t cut out for day trading try it anyway. Don’t fret if it  turns out that you aren’t day trader material. Most people aren’t. You Want to Learn Investing  by Day Trading Many people want to manage their own investments, and it’s certainly possi bl

MANAGING THE STRESS OF THE MARKETS

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MANAGING THE STRESS OF THE MARKETS Day trading can be a ruthless business. Some days, you don’t find any  trades worth making. Other days, you find trades, but they don’t work  out the way you want them to. And some days, there are too many good  trades, more than you can possibly make, and so you watch profitable oppor tunities slip away. When you’re working with real money, it can be too much  to take. In a money management or brokerage firm, traders have tremendous cama raderie. They are working for the same employer and need to stick together  to blow off the stress. What do you do at home, though? How do you keep  from panicking, getting depressed, or otherwise letting this business hurt  your profits and hurt you? If you’re going to day trade, you need to understand the very real physical  and psychological stresses that the market pushes on its participants. In this  chapter, I offer some information and advice that can help you avoid a crisis. First, t