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2 Ways to Know if one is a Compulsive Trader and How to Conquer it

Posted By On 2/04/2010 12:07:00 PM Under

One can be hgeading for a disaaster if one becomes a compulsive trader as it is a habit like we brush our teeth. It gets so deep in the blood that if one does not trade in the market, one feels as if one is missing something in the life.

Thus if you also feel so, than take some time and find out the trades which led you to a loss due to your compulsive trading habit. The easiest way out is to get into something productive and trade only when the trend in the market suggests so.

Make sure that you jot down your each trade and at the end of the day ask yourself that whether that trade was warranted or was it led by the element of the greed or compulsive trading and slowly you will be able to conquer the habit which is a sure shot recipe for the disaster.

This post is inspired by one of my clients / readers who was a compulsive trader, however post counsselling by the day trading guide; he is on the path of making continous money from the market.
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