*Note: The article presented here is written by authors not affiliated with hashemian.com.
This site is not responsible for any errors, omissions, or objectionable content.
Exercise care before engaging in business with any companies mentioned in this article.

Go to: /articles/2005/08/07/ for other articles.

Need To Trade

Please accept the following article submission.

Publishing Guidelines: You have permission to publish this article electronically, within ezines, websites or blogs as long as you leave all 'live' hyperlinks in place, do not alter the content and include our resource box without modification.

Article Title: Need To Trade!

Article Description: Do you always feel the need to trade? Is the “need to trade” hindering you from financial success in the stock market? This article provides some useful tips on overcoming the “need to trade”.

Additional Article Info:

Word Count: 547 (not including resource box) Category: stock market Spam check rating: Low

Written By: David Chandler Contact Email: david@stockmarketgenie.com

Article URL:

Article Autoresponder:

<----- Article Begins Here ----->

Need To Trade! Copyright 2005 David Chandler

You don't HAVE to be trading.

As a novice trader, you'll often feel the need to trade.

You may be bored or frustrated. Or you just want to try a certain type of trade.

STOP!

Realize that you don't have to be trading all the time to be successful. In fact not trading is often the very best decision you can make.

The market tells you when to trade. If you feel the urge to place a trade or find yourself chasing a trade, walk away from the computer. Better still; take the opportunity to meet a friend for coffee.

The trades you do when you're feeling the "need" will usually be lemons - and leave you with a very bitter taste in your mouth!

They will usually not have clear signals, but you've convinced yourself they are there. After losing your premium, or much of it, you'll look back and wonder how you could possibly have entered that trade. It's happened to all of us, so don't be too hard on yourself. Just don't do it again.

The market is going to do what the market is going to do, not what you need or want it to do!

And remember the old saying, "If you can't see it, it's not there". So if you stand back from your computer and the chart pattern or signal doesn't jump out at you, it's not there.

Easy is Best The novice is constantly staring at charts, looking for and often inventing signals. If you have your strategy in place and you wait for the patterns to form, your entry points will FEEL easy. They will be obvious - you won't need to be searching for them.

Write It Down Remember to keep a log book. We keep one, which includes any potential trades - those which look like they will possibly provide an entry in the near future. It's good to see if they eventually develop into a trade. It will help guide you up to a point where you make a decision whether to enter, or to leave it alone.

Also, when you enter a trade, log it in your book with a few details and, commit to a stop loss point and a profit level where you will be happy to exit the trade. Remember, don't be greedy - or you'll see your premium reach that point, pass it and quickly drop back past your original exit point. You'll then see how you would have been happy to exit at your prescribed price!

Much of the time there won't be any trades for you to enter, so it leaves you with plenty of spare time for gaining extra knowledge and enjoying life. You probably won't trade more than a few times a week. So, you can see, there's a lot of time to be analysing charts - and feeling the NEED to trade. Be strong and disciplined!

We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.


--------------
David Chandler www.stockmarketgenie.com For your FREE Stock Market Trading Mini Course: "What The Wall Street Hot Shots Won't Tell You!" go to: www.stockmarketgenie.com

<----- Article Ends Here ----->

Article Topics
Adsense Advertising Bankruptcy Blog Credit Card
Debt Google Ira Marketing Mortgage
Real Estate Rental Retirement Rss Search Engine
Seo Stocks Tax
Recent Articles

Read Financial Markets  |   Home  |   Blog  |   Web Tools  |   News  |   Articles  |   FAQ  |   About  |   Contact

© 2001-2012 Robert Hashemian
Support the effort
Liked this page?
Please consider creating a link to it
from your Web site.

hashemian.com
هاشمیان.com

Home
Blog
Web Tools
News
Articles
FAQ
About
Contact
Financial Markets

Visits: Powered by hashemian.com

Search Hashemian.com