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Importance of Discipline and Risk Management

Posted By On 1/09/2009 02:02:00 PM Under

1. One has to remember that discipline and risk management holds key to becoming a successful day trader. As a trader one must make sure that instead of trading he or shge should concentrate on trading well as preservation of the capital is key area. Thus one need not trade every day as at the most not trading every day means that at the most one can lose an opportunity.

2. The principle of risk management envisages that it is important to note that what an individual is trading rather than How and Why's of trading. One must understand that risk management holds the key to success as a day trader. Do remember to keep on booking profit as none has gone broke booking profits.

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