Why you should trade?

Why you should trade?

It's known that 95% traders make loss in intraday trading which means the rest 5% who makes money, they make it in truck loads because money goes to pockets of those only 5% traders from the pockets of majority 95% traders. The strategy is to be part of team where top 5% are, but the question is how to go there?


Almost everyone has access to thousands of information sources, but hardly people are able to compile this information into something meaningful.


Instead of trying to become jack of all trades find out what is your strength and turf where you can play. I find it funny and sad both when I see people try to trade every possible instrument right from equity cash to futures to options to currencies to commodities without earning in any instrument.


Don’t try to take 20-30 trades daily – you won’t be able to give your 100% on all these trades for sure, likewise don’t take just 1-2 position as well if you are just a beginner as you need good number of trades and screen time to get enough experience. Try to take 3-6 trades daily, that is a good enough number for a beginner as you won’t be taking too few or too many trades.


So, why you should trade? Well, the answer is, if you do it right, you can make truckloads of money.






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Тэги:

#Why_you_should_trade? #How_To_Become_a_Successful_Trader #Why_you_should_be_Acting_In_Your_Own_Best_Interest? #Common_mistakes_to_avoid_while_trading #What_are_the_secrets_of_successful_trader? #Why_every_trader_must_have_a_business_plan? #how_to_create_a_Trading_Strategy_or_trading_System? #how_to_do_backtesting_of_a_strategy? #how_to_create_a_trading_plan? #how_to_create_game_plan_for_trading? #how_to_decide_which_stocks_to_trade? #how_to_decide_which_timeframe_to_trade?

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