| TraderAide.com The Trader's Assistant |
 |
 |
 |
 |
 |
|
| Trading as an Art by J Wilde courtsey of Win At Trading Despite what some people may lead you to believe; day trading, swing trading and trend trading is not anywhere as difficult as they would like you to think. It really boils down to two key components. First, you've to have an approach that helps you identify deals that have a consistently high probability of making spondoolicks. Once you've this you must exploit this "edge" over and over again. The only way to do this is to use the necessary discipline to never deviate from our method. The minute you start tinkering or tweaking things is when you can lose our edge!!! You can most possible be tempted to do this after you've had a few losers. That little one per 100 advantage can make the casino lose a whole lot of bucks over time. As a matter of fact the minute they notice that you've a viable method they should label you a cheat and ban you from the playing. It sure is a good thing that can't happen to traders! Now consider what happens if you've a index trading methodology that produces transactions that go into the moulah more than 60 to 80% of the time? Now the not quite premier step to success is to manage our emotions. Two of the biggest indicators of a trading expert who is not managing their emotions are FEAR & GREED. These two emotions may wipe beyond every super trader over time, all experienced and inexperienced alike. Let's talk about them for a minute. . "Trading with scared money" often causes the fear of losing cash. This is when a player is risking USD that should be used for the rent, food, children's education etc. If this is the case the only solution is to find additional funds that you are willing to put at risk. The cure for this is to simply realize and accept that shortfalls are part of this game. Predict about this? A baseball player only need hit the ball once for every three times at the plate and this might achieve him into the Hall of Fame. I feel this every once in a while and remind myself that. . Their approach for index trading has all historically and real-time produced consistent winning deals. Also I tell myself that the only way to earn the big moulah is to grab into the game. GREED: Pitbulls who are greedy are often the exact opposite of the ones who are fearful. One of the biggest problems when greed sets in is the inability to know when to take profits. If they are upwards 10, 20 or 30% they don't even imagine about cashing beyond, as they want more. One solution for this is to realize that making 3, fiver, 10 or 15% on a regular short time basis adds upwards really quick. I know for me personally, once I was confident in their methodology, I no longer felt the occasional feelings of greed. -30- This article is courtesy of Dr Jeffrey Wilde, a index trading veteran with 15 years of experience in all major stockmarkets. |
| Recommended Reading: Books in addition to those above |
 |
| Commercail Links The links below all lead to people selling some sort of services to traders and investors. I have no opinion on any of them. |
| The MasterTrader eBook Your complete guide to active trading/day trading. Learn proven strategies and make money consistently! |
| Sure Fire Trading Trading systems, methods and signals. Who else want's to trade like a Pro? |
| The Way To Trade A breakthrough approach to trading in any market |
| Forex Trading Course Learn how to trade EUR/USD, USD/CAD or any other major currency pair. |
| Turn $200 Into $4,630 In 30 Days! Earn money by providing stock research and trading options from your home PC. Step by Step course from a Professional Trader. The Day Trade Forex System The ULTIMATE, Step-By-Step Guide To Online Currency Trading. Online Trading For Financial Freedom Online stock trading, daytrading and short term investing strategy for beginning and experienced traders alike. E-Mini Trading Course Learn how to trade S&P 500 and Nasdaq-100 E-mini contracts. Guide To Profitable Forex Day Trading Learn proven forex strategies currrently used by 2 full time currency traders and make money online consistently. Rapid Fire Swing Trading A Simple But Powerful Overlooked Method of Market Entry and Exit That Has The Highest Probability Of Being Profitable. Day Trading E-Mini S&P Futures Video How To Spot Turning Points in the Market like a Seasoned PRO. |