TRADING IS SIMPLE AND MAKES YOU RICH!

in money •  7 years ago 

No, it isn´t :)

Some personal thoughts about trading...

TRADING IS A WORLD OF PAIN!

Often when you enter a trade or not you feel uncomfortable (it should be like this because the best trades with maybe the best perfomance comes where the uncertainness sits).

If the price developes into four favour you fell gooood. If the price goes into a direction which does not increase your account value there is a tiny oppressive feeling somewhere around the stomach which isn´t letting you go :)

UNSECURITY AND DOUBTFULLNESS ARE YOUR PARTNERS WHEN IT GOES AGAINST YOU

First and foremost you are to 100% responsible and get immanent feedback about your past decision. The moment you enter a trade the money is lost (not 100% but you should think so then it is easier for you to deal with the situation).

Not a comment on a blog, or an analysis from a 3rd party is responsible for your action. You have made a decision! Conscious or unconscious decision but at the end you took a decision and see, in the best case, immediately the results of you own decision.

SELF-CONFIDENCE AND POSITIVITY WHEN IT RUN´S FOR YOU

Oh that´s easy (or not?) but only to the point where it is going to well and you´re self-confidence rises to a level where you make thoughtless decision and starting too loose.

FEELING NERVOUS AND GREEDY

Is your Risk- and Money Management accurate or does it already exist? Do you have a

  • Strategy
  • Methodology
  • Risk Management
  • Money Management
  • Discipline
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Thanks..you are so right. Informed decisions get you places, but rash impulsive ones will bring you down.