Investment and trading in financial markets is ultimately a zero sum game. Some one gains and some one loses. Some people will buy and sell in impulse. Some people will trade short term sometimes, they will trade long term sometimes. Some times, their expected short term trades would become long term investments, due to adverse market movements. If you are one of the person who has not yet identified a style, you are the person who is always wondering whether you will earn in stock markets or not and be sufferring from many such thoughts related anxieties.
You need to know whether you want to buy and sell securities daily or over short term or over long term. This would decide your trading strategy and methods for identification of entry and exit points.
Please do not trade, just because you get a kick out of this activity. Investment and trading is your business (even if you working for someone else in daytime) and your means to become rich. So take it seriously. It is serious business. If you become happy because markets have risen few percentages and feel sad because markets have fallen few percentages, you are probably not fit enough yet to invest and trade to be rich. If you can be emotionless and still be able to invest and trade, then you have much better chance to take better decisions to your benefit.
Sunday, August 23, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment