Tags |
|
|
Links |
|
|
Casual Articles - Why Traders Fail
Teleconferencing is, perhaps, the most effective communication breakthrough of the 20th century. The idea is to enable a group (three or more people) interactive communication through an electronic medium between people at different locations!Teleconferencing is being used in the following forms today:- Audio conferencing, using telephones- Video conferencing, using interactive televisions with sound,- Computer conferencing, using printed communication through computers and keyboards.Advantages:Massi
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of a
When you begin the design of your Web site, one of the first things you need to do is decide on a color scheme. Although choosing colors seems like a relatively easy proposition, it's not easy at all. In fact, it's hard.One of the pluses we have as Web designers is that millions of colors are at our disposal. Unlike the print world, we do not have to pay for each color we use. If we want to use a specific hue of yellow, for example, all we need to know is the hexadecimal code for that particular color.One of the pitfalls of hav
The question that each of them has in the back of their mind is this: do I have what it takes to be a successful trader?
More often than not, many fail. Why they fail is one of questions that I’m most often asked to talk about. Trading is a difficult business, more difficult than most imagine. In the end, whether you succeed or fail as a trader can be traced to four basic problems. All but one can be fixed with a little effort.
The biggest obstacles that a trader must overcome are: (1) a lack of confidence; (2) a lousy trading plan; (3) faulty analysis; (4) trouble pulling the trigger.
The first step in overcoming these hurdles is to stand in front of a mirror and have a long talk with the face staring back at you. It starts and ends with the face you’re looking at.
Lack of Confidence
Lack of confidence is a killer – literally. If you’re afraid of your shadow, trading is not something you are going to be very good at. Trading is a “eat or be eaten” game. You either do lunch or you are lunch. I’m not talking about false bravado here. Confidence comes from knowing who you are and what makes you tick. It’s something that you have and it comes from down deep inside you. Confidence is an acquired trait.
Lousy trading plan
In order to be successful, you need to have a trading plan and it needs to strike a balance between “eat well” and “sleep well”. It took me a few years to find a method that worked best for me. My plan, which is written, embraces my strongest traits and lays waste to my worst.
Traders come in all shapes and sizes. Some scalp, some trade for the long run and others day trade. I’ve found that I’m comfortable trading as a position trader using an intermediate time frame. When I enter into a trade, I’m looking for a 25 percent move.
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of an
The basic terminology of SEO. Here is a compiled list of search engine and promotion related terms ...........Adwords: This is the Pay Per Click advertising program offered by Google.Adsense: Contextual advertising by Google. Website publishers earn a portion of the advertising revenue for placing Google sponsored links on their site.Algorithm: The search engine program that ranks sites based on certain criteria. Google has over 100 different ranking criteria that sites need to meet.Automated Submissio
The biggest obstacles that a trader must overcome are: (1) a lack of confidence; (2) a lousy trading plan; (3) faulty analysis; (4) trouble pulling the trigger.
The first step in overcoming these hurdles is to stand in front of a mirror and have a long talk with the face staring back at you. It starts and ends with the face you’re looking at.
Lack of Confidence
Lack of confidence is a killer – literally. If you’re afraid of your shadow, trading is not something you are going to be very good at. Trading is a “eat or be eaten” game. You either do lunch or you are lunch. I’m not talking about false bravado here. Confidence comes from knowing who you are and what makes you tick. It’s something that you have and it comes from down deep inside you. Confidence is an acquired trait.
Lousy trading plan
In order to be successful, you need to have a trading plan and it needs to strike a balance between “eat well” and “sleep well”. It took me a few years to find a method that worked best for me. My plan, which is written, embraces my strongest traits and lays waste to my worst.
Traders come in all shapes and sizes. Some scalp, some trade for the long run and others day trade. I’ve found that I’m comfortable trading as a position trader using an intermediate time frame. When I enter into a trade, I’m looking for a 25 percent move.
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of a
Many studies have shown that ONLY about 5-10% of ALL new jobs are posted, whether it's in the newspaper or over the Internet.The remaining 90-95 percent are "posted" per se, by word of mouth. Therefore, NETWORKING is an extremely important tool to get you closer to that fabulous job you've always wanted!Below are 15 extremely useful points that you must keep in mind, in order to successfully network anytime, anywhere!- First and foremost, Take the initiative! Get out there in the world! Things don't just happ
Lack of Confidence
Lack of confidence is a killer – literally. If you’re afraid of your shadow, trading is not something you are going to be very good at. Trading is a “eat or be eaten” game. You either do lunch or you are lunch. I’m not talking about false bravado here. Confidence comes from knowing who you are and what makes you tick. It’s something that you have and it comes from down deep inside you. Confidence is an acquired trait.
Lousy trading plan
In order to be successful, you need to have a trading plan and it needs to strike a balance between “eat well” and “sleep well”. It took me a few years to find a method that worked best for me. My plan, which is written, embraces my strongest traits and lays waste to my worst.
Traders come in all shapes and sizes. Some scalp, some trade for the long run and others day trade. I’ve found that I’m comfortable trading as a position trader using an intermediate time frame. When I enter into a trade, I’m looking for a 25 percent move.
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of a
Keeping the cost of doing business down, yet providing a quality product or service, is one of the most critical components of success for today’s leader. What many fail to realize is that employee turnover can represent a very substantial price tag to a company's productivity and its bottom line.Turnover is costly – just how costly? Research studies have shown that the cost of replacing a professional or managerial employee runs 1.5 to 3.0 times his or her annual salary. And it can cost up to five times annual salary if you are loo
Lousy trading plan
In order to be successful, you need to have a trading plan and it needs to strike a balance between “eat well” and “sleep well”. It took me a few years to find a method that worked best for me. My plan, which is written, embraces my strongest traits and lays waste to my worst.
Traders come in all shapes and sizes. Some scalp, some trade for the long run and others day trade. I’ve found that I’m comfortable trading as a position trader using an intermediate time frame. When I enter into a trade, I’m looking for a 25 percent move.
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of a
Remote Action Interface (RAI) email@BiraRai.comAs the Internet expands due to the addition of new systems, applications and users the need for efficient communication between all these entities increases. The Remote Action Interface Architecture (RAI) achieves loose coupling among internet entities. Any system which is network addressable is considered an entity. In order to simplify entity to entity communication there is a need to abstract away the complexity of the network. By eliminating the knowledge of the network from the
The last point that I want to make here is that your plan must be in writing. If it isn’t, there’s absolutely no way that you’ll stick to it during the inevitable drawdown.
Faulty Analysis
Trading is pretty much a zero sum game. You’re either right or wrong. You either make money or you don’t. When it comes to trading, three types of analysis are usually involved: fundamental, technical or quantitative.
I’ve found that I’m best suited psychologically to technical trading. I have a strong math and deductive logic background. To me, it’s all about supply and demand. Not surprising then, the method of technical analysis that works best for me is the point & figure method which has been in use for more than 50 years.
When it comes to analysis, you have to find ground that you’re comfortable standing on. I’ve tried all three types of analysis and I’ve never been able to get comfortable using fundamental or quantitative analysis.
Trouble Pulling the Trigger
People that have trouble pulling the trigger, lack confidence, usually have a lousy trading plan and aren’t using their analytical tools correctly. I’ve been a trader for more than 25 years and from time to time, this problem rears its ugly head.
This is a perplexing problem and affects even the most seasoned and battle hardened trader. For me, it usually shows up during an extended drawdown when nothing is going right. The best luck is not luck at all.
The way that I overcome this obstacle is re-focus on my “list”. My “list” is nothing more than a short list of rules that I created to ensure that when it came time to pull the trigger, I did. This five-point trading checklist is just that a checklist. When I’ve checked off each point, I know intuitively that I’ve done all that I can do and it’s time to make the trade. (Note: if you would like a copy of my 5 point trading plan, just send me an email and I’ll send it out to you)
It takes a lot to be a successful trader. It’s emotional too. I’ve experienced the highest highs and the lowest lows – both on the same day and before lunch. If you’re not trading up to your potential take a step back and dissect the four points that I’ve discussed. In the end, trading is a pers
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/95014/casualarticles-Why-Traders-Fail.html">Why Traders Fail</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/95014/casualarticles-Why-Traders-Fail.html]Why Traders Fail[/url]
Related Articles:
Ever Wondered What An Ecommerce Merchant Account Is?
Components of a Great Web Site
Bookmark it:
|