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Ten Commandments to Make a Successful Day Trader

Posted By On 1/12/2009 02:45:00 PM Under

I am listing ten Commandments which can make one a successful day trader and will end making money every day. The same are listed to be followed in the life style and if required take a print out and hang the same in font of your trading terminal as one needs to be reminded every now and than to make money from the stock market.
(a) I will calibrate my ambition and moderate my aggression
(b) I will think and act long term in all areas of life
(c) I will not be swayed by greed or constrained by fear
(d) I will define my priorities and set realistic targets to meet my goals
(e) I will transform my income into assets
(f) I will optimize my asset allocation to minimize risk and volatility
(g) I will insure adequately and spend wisely
(h) I will invest systematically and not spontaneously
(i) I will allow the magic of compounding to work for my money
(j) I will become an informed, intelligent and empowered investor

2. Thus it is important to follow these tips in life to become a great investor like Warren Buffet or rakesh Jhunjhunwala of India.

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