Trading can be compared to the sides of a coin. One is loss and another is profit. We are very much excited about what we got and very much anxious about what we lost. These are taken in a pleasant manner so we can enjoy our trading carrier so easily.
Obviously it is very fun and very much exciting, there may arise the time that we feel nervous, scared or even tired. Not to become panic or never give up when these bad times come. During this trouble times you need to do is absorb some motivational quotes from traders who can be your roll model and go to success. Good trading element is cutting loss. Try to follow this term, then you will get a chance to win.
I’ll keep reducing my trading size as long as I’m losing… I have an extremely conservative money management technique. Such as I will never take a risk to approach anything into the Entire money in my account, let alone my total invest. Don’t focus on making money, focus on protecting what you have. handling of trading losses is one of the major difference between a successful trader and a failed one. A successful trader consider his/her loss as an opportunity to observe and study and improve his/her trading. Trading is actually a game. A zero-sum game. That means the gain of every trader is get equalized by the loss of other traders.
If you are wanted to become a professional trader then you have to watch the videos or hear expert opinion of a trader whose trading carrier is start from loss and now in a steady graph. Then you can release your stand, rectify your faults and encourage your skills as per their expertise. There are lots of queries that definitely arise in your mind while trading some of them are mentioned below
- Which tools or calculations can be used in the decision making?
- whether the recommendations are get in live market or prior?
- How to put proper stop loss & trailing stop loss in time?
- If you have your own permission to open the software and watch the current market?
- Did you see the previous history and levels of stock on the graph?
You should ask these questions yourself. And the answer is a big NO. Then I should definitely prefer to purchase a buy sell signal generating software. These similar condition is happened in my trading life I will go through several softwares and finally I was choose the Alertel buy sell signal software.
- It is very easy to understand
- It provides accurate buy/sell signal ,stop loss and target
- It has best filtering system and gives real time data
- No dependency whenever you are free you can open software and see current market situation
And these are experienced by me itself……so I share with you….And in my next blog I would write about how to get profit using Alertel by sell signal software..
CLICK BELOW LINK for PART II
Some good reads