Trading And Investment

To become successful as a trader there should be some ingredients in your nature. Over the long term the trading game is won through proper risk management, mental discipline, and the ability to create and follow a winning trading system. Ten much needed things to become successful as trader are following: 1. Passion for trading: Only one thing that can lead you to become a successful trader is to be passionate about the work and it will push you to do the required homework. 2. Goal orientation: Any thing which don’t have a goal ultimately leads to failure. So if you know why you are trading then success is not far away. 3. Perseverance: The attitude to never quit will definitely take you to become a successful trader. 4. Resiliency: “ I will bounce back” is the only statement which should be repeated again and again in your mind because every trader goes through draw downs but the main secret is how to come back again. 5. Back testing: Cross checking of any trading syste...

If you want to succeed and grow as a trader what you have to do is to learn from your mistakes. The first time when you commit an error which costs you money will be counted as mistake but if you have done this again it means you are stubborn, if you make a mistake for the third time you are foolish. One can be active in market for a decade but if he/she repeat the same fault again and again then it is like a new trader every time. Your growth as a trader will only happen if you learn from your mistake and stop doing the wrong things and start doing the right things. Few important points which can help one grow as a trader:- 1. Try to find your own strategy to trade, it can be influenced by your fellow trader but you can’t copy anyone’s style of trading. If you don’t have any plan for trading and you are trading randomly then it is gambling and it all depends on your luck. 2. If you have got your trading system then you have completed your first step. You have to follow it with discip...

We always talk about our challenges of old age and seems bothered about it but within a fraction of seconds we forget it. The most probable reason why we forget it is because in our childhood we had not been taught about money. Most of us has an extreme emotional quotient and always seems to be dependent on our next generation and we justify it as well. As the time are passing by dependency on next generation seems a bad option. It doesn’t mean that there should not be any expectations but we also has to keep in mind that expectations is the seed by which tree of dissatisfaction grows. According to World Bank report life expectancy in India is about 69 years, although average life expectancy seems to be in between 70-80 years. Most of the people works till 60 and there are many working after 60 also. If we assume 20 years post retirement that will be a balance assumption. Living a life with same standard of living along with various other expenses needs to be planned. We generally ...