Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
35Activity

Table Of Contents

0 of .
Results for:
No results containing your search query
P. 1
Market Theorys

Market Theorys

Ratings: (0)|Views: 588|Likes:
Published by Sunil Suppannavar

More info:

Published by: Sunil Suppannavar on Jan 18, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

12/03/2012

pdf

text

original

 
1. Undiscplined2. No money management3. Unprepared4. Overtrading habits5. Easily tilted6. Does not trade with probabilities7. Trades emotionally without controlling: greed, hope, fear, and euphoria8. Does not have a trading plan and strategy
Separate your ego from your trading. The market does not care what college you went to or how many kidsyou have to feed. Take profits when you have them and NEVER think you are smarter than the market. Asthey say, “humble yourself or you will be humbled.”
 
1) How You Think Is Everything – Always be positive. Think success, notfailure. Beware of a negative environment.2) Decide Upon Your True Dreams & Goals – Write down your specific goals and develop a plan to reachthem.3) Take Action – Goals are nothing without action. Don’t be afraid to get started. Just do it.4) Never Stop Learning – Go back to school or read books. Get training and acquire skills.5) Be Persistent & Work Hard – Success is a marathon, not a sprint. Never give up.6) Learn To Analyze Details – Get all the facts, all the input. Learn from your mistakes.
Is trading success dependent on innate skills? Or is hard work suffi-cient? There isno question in my mmd that many of the supertraders have a special talent for trading. Marathonrunning provides an appro-priate analogy. Virtually anyone can run a marathon, given sufficientcommitment and hard work. Yet, regardless of the effort and desire, only a small fraction of thepopulation will ever be able to run a 2:12 marathon. Similarly, anyone can learn to play a musicalinstrument. But again, regardless of work and dedication, only a handful of individuals possess thenatural talent to become concert soloists. The general rule is that exceptional performance requiresboth natural talent and hard work to realize its potential. If the innate skill is lacking, hard work maypro-vide proficiency, but not excellence.In my opinion, the same principles apply to trading. Virtually any-one can become a net profitable
,but only a few have the inborn talent to become supertraders. For this reason, it may be possible toteach trading success, but only up to a point. Be realistic in your goals.
.
Waiting for the right opportunity increases the probability of success. You don’t always have to be in the market. As EdwinLefevre put it in his classic Reminiscences of a
 Operator, “There is the plain fool who does the wrong thing at all timesanywhere, but there is the 
 fool who thinks he must trade all the time.”One of the more colorful descriptions of patience in trading was offered by Jim Rogers in Market Wizards: “I just wait until there
 
is money lying in the comer, and all I have to do is go over there and pick it up.” In other words, until he is so sure of a trade thatit seems as easy as picking money off the floor, he does nothing.
What is the purpose of trading?It seems clear, doesn’t it? The purpose of trading is to make money. The trade is planned, entered, andexited with the goal of increasing the size of one’s trading account. What other purpose would there be?Thedictionarysays this about purpose:“something set up as an object or end to be attained : intention b: resolution, determination”What about:The purpose of trading is to not lose money.The purpose of trading is to practice discipline.The purpose of trading is to use my talents.The purpose of trading is to grow.Or how about:The purpose of trading is to express my true nature. I was meant to be a
.Maybe the purpose of trading is simply to trade. Because that is what you have been called to do, or whatyou are meant to do, or it’s the highest expression of your nature as a producer rather than a consumer.When you trade successfully, you are disciplined, you are growing, you are using and developing your talents, you are making money, and you are creating wealth from scratch. But most of all, you are trading because it’s the right thing to do for you.

Activity (35)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
sekharlakkim liked this
Raghu Nayak liked this
Kanza Anam liked this
AslamKhayer liked this
Santosh Hegde liked this
Santosh Hegde liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->