The trading mentality!!!!

in #trading7 years ago

You will never be a successful trader if you don't have the proper mentality to trade. Trading is not gambling but preemptive strategizing with safeguards in place to minimize your loss. If your strategy is not well developed, you will likely have less success because of your lack of confidence. The strategies will always depend on the market. For example, in crypto you might be trying to accumulate satoshi's and not necessarily worry about the dollar value. With Forex or stocks you might be day trading which mean your strategy might be a bit more aggressive with smaller time frames. Think of trading as a game of chess, you have to have a strategy for your strategy. With great knowledge comes massive gains that's the only real reason you should trade to make money. Not loose it.

images.jpeg

TRADE_L1_Pillar_headline_Graphs_o_tcm5044-9478.jpg

Sort:  

Congratulations @pipsdelight! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!