Simple Trading – S – Start Off Slow

by Patrick on November 5, 2009

S – Start off Slow
Great traders don’t usually start off trading massive accounts on a everyday basis.  They don’t  start off using complicated trading strategies or techniques, and they don’t start off trading the first day they are ready to trade.  Sometimes great traders don’t even start off good.

Plot of S&P Composite Real Price Index, Earnin...

Image via Wikipedia

Great traders aren’t great from day one no matter what anyone wants to tell you.   They aren’t using complicated strategies or techniques.  Great traders start slowly.  They plan every trade and they trade small amounts until they can do that without emotion and with consistent success.  Then, based on what they learn through experience, they grow into trading larger dollar amounts, trading more frequently, and using more complicated techniques and strategies.

Starting off slowly and steadily allows them to stay in the market until their accounts have grown along with their skills and they start making larger and larger  profits on a regular basis.  It minimizes uncertainty.

Whether you’re a long-term trader or a newbie thinking about getting into the stock market, if you want to bullet-proof your trading career then you want to start slow or slow down when faced with uncertainty and proceed with caution.   It allows your to stay in the game.
Great traders don’t usually start off trading massive accounts on a everyday basis.  They don’t  start off using complicated trading strategies or techniques, and they don’t start off trading the first day they are ready to trade.  Sometimes great traders don’t even start off good.

Great traders aren’t great from day one no matter what anyone wants to tell you.   They aren’t using complicated strategies or techniques.  Great traders start slowly.  They plan every trade and they trade small amounts until they can do that without emotion and with consistent success.  Then, based on what they learn through experience, they grow into trading larger dollar amounts, trading more frequently, and using more complicated techniques and strategies.

Starting off slowly and steadily allows them to stay in the market until their accounts have grown along with their skills and they start making larger and larger  profits on a regular basis.  It minimizes uncertainty.

Whether you’re a long-term trader or a newbie thinking about getting into the stock market, if you want to bullet-proof your trading career then you want to start slow or slow down when faced with uncertainty and proceed with caution.   It allows your to stay in the game.

Reblog this post [with Zemanta]

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Previous post:

Next post: