subject: "Stock-O-Pedia - Defining Trading In Your Own Way" [print this page] Most of the population thinks Trading Intraday Or Delivery is buying and selling of stocks. I owe it too, but It Is Often said that trading comes in continual process of making and losing money. This is true! A trader's saga of success all boils down for making more when he's right and losing less when he's wrong.
Managing trades properly, a trader could be 50/50 or even worse and still come out profitably. It's about taking small losses and sticking with the winning trades to overcome the small losses.Some says that trading does not only involve buying and selling, but it's all about making men you're right than you lose when you're wrong!
Acknowledging the trading traits it is usually stated that Every day when any tradar settle into routine, he is aware that he will probably have at least one losing trade but that doesn't stop him or her from trading (or making money). That awareness doesn't hurt the confidence, but instead it keeps theego suppressed.
I know that I'll be wrong, so when I am, it's far easier to hit the sell button and wipe that small mistake off my screen. Then I can focus on my commodity tips without the eyesores and annoyances of stocks moving opposite of what I had anticipated.
Don't let trading comelaerate with your ego, It is like Going to battle with a losing trade by adding to it or simply letting the truck roll over you without getting out of the way are all due to ego. Accept some hidden facts that there will always be some losses, commit to keeping them small, and stay focused on getting the most out of your trades either in commodity or Options or various trading terms.
"Stock-O-Pedia - Defining Trading In Your Own Way"
