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Do you want to become Successful Day Trader?

Posted By On 4/26/2009 02:44:00 PM Under

1. Who the hell on the earth do not want to become a successful day Trader? If you are also on of those who want to be successfful in day trading, than remember to overcome the elements of greed, fear and pride.

2. Do not get into the habit of thinking that what your wife will think if one has a losing trade as one is present in stock market for long term and a single trade is like a small battle in overall war scenario and even if one has lost a battle; one can still recover as war is sill on. War encompasses a number of battles and a successful trader encompassess a number of trades.

3. One can overcome greed factor by not applying non market factors to a trade like "how badly they want money" and behave in a rational manner. Non market factors can never decide the way market is going to behave. Greed do not let you act in a manner which is in your interests.

4. We will discuss about element of fear and pride in subsequent posts as if this post can help one to overcome the element of greed, the aim of writing is achieved.

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