“This chapter is about what are the most important qualities that a trader
should possess. We don’t believe that you have to be very intelligent to
become a successful trader; but, there are certain qualities & techniques
which one must want to learn before entering into this vast world of
trading.”.
Risk Control: How to Stop Losses and Protect Your Gains
There is no basis either in logic or in experience for assuming that any
typical or average investor can anticipate market movements more
successfully than the general public, of which he is himself a part.”
It’s always said that trend is your friend. According to a study, the most
successful traders in the world are trend traders. In a strong market, they
choose a strong stock and look to buy it at good levels or vice-versa. We
can make good money in stocks that are trending. You want to find the
stocks that are moving with the market, or have a good uptrend or
downtrend. When a stock is trending - you are simply along for the ride. In
other words, if the stock is trending up - you must be thinking of how I can
‘You have to know what you are, and not try to be what you’re not. If you
are a day trader, day trade. If you are an investor, then be an investor. It’s
like a comedian who gets onstage and starts singing. What’s he singing for?
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