Please feel free to copy the article below (either the HTML version or the plain text version) and republish it at your site or include it in your newsletters or Ezines. You must not make any changes to the content of the article and you must include the Original Article URL. Please read our Terms of Service For Publishers before you republish this article.

Article Title: HOW TO ENJOY YOUR TRADING SUCCESS
Author: Leroy Rushing
Category: Finance RSS
Republish articles from Finance category automatically



HTML Version:
HOW TO ENJOY YOUR TRADING SUCCESS <br> Article By: Leroy Rushing <br><br> Trading discipline is a fast track to trading success. Disciplined, working strategies will statistically win in the long run. But how should you celebrate your trading success and make the most of your wins? <b>Day Trading Mentality</b> Day traders who make a quick profit are the first to celebrate trading success. The small intraday movements in price are enough to keep day traders happy with their positions. The most important thing to remember is even with a comprehensive trading plan, losses are inevitable. Statistically, a win only brings more losses, but the biggest trading secret is that a few wins can easily strike out many small losses. For day trading with a small account, trading success should send the trader to increase his or her stake. Your trading capital must grow over time to cover your own cost of living, as well as provide a "pay raise" over time. To obtain financial freedom, a day trader must have sufficient capital to both weather losses and collect big gains. <b>The Biggest Fallacy in Celebration</b> After a big win, the greatest fallacy a trader enacts is changing his or her trading structure. Too many times, an over-confident day trader makes trades based on "gut" feelings, rather than basic trading fundamentals. However, in this scenario, the trader eliminates strategy, instead entering the gray zone characteristic of gambling. Remember, the difference between gambling and day trading is proper money management. Proven techniques and strategies are profitable in the long run because they have set criteria for each trade, rather than just a stab in the dark based upon "gut" feelings. <b>The Greatest Gift of Success is Education</b> Learn from your successes. Indeed, the greatest gift of trading success is the education it presents you. Chances are that you placed the trade because of your own trading system and analysis; review the details surrounding your trade (ideally in the trade journal you keep) to develop a core of strategies that will produce winning trades. <b>Give Yourself a Brokerage "Present"</b> Boost your own trading profits by topping your account. Day trading with a small account is very limiting. After a big win, add some of your own personal funds to your account to keep your success. Undercapitalized accounts are the first to falter when the market turns. Investing in yourself can be the difference between profitability or simply getting by. For large wins, you might even consider quitting your day job. Many people have found financial freedom through day trading. If the time is right and you have bankrolled a significant balance, making day trading or swing trading a career can be both profitable and rewarding. Quitting the 9-5 is the ultimate way to celebrate long-term trading success. <br><br> Original Article URL: <a href='http://www.myfreearticlecentral.com/Article_9086_HOW-TO-ENJOY-YOUR-TRADING-SUCCESS.aspx'>HOW TO ENJOY YOUR TRADING SUCCESS</a> <br><br> Leroy Rushing is an active, <a href="http://www.tradingeverydayshortcuts.com">professional day trader</a>; trading coach; and eBook author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational <a href="http://www.tradingeverydaysecrets.com">trading products</a> and <a href="http://www.tradingeveryday.com/Community.html">services</a> that are available worldwide. <br><br>



Plain Text Version:
HOW TO ENJOY YOUR TRADING SUCCESS Article By: Leroy Rushing Trading discipline is a fast track to trading success. Disciplined, working strategies will statistically win in the long run. But how should you celebrate your trading success and make the most of your wins? Day Trading Mentality Day traders who make a quick profit are the first to celebrate trading success. The small intraday movements in price are enough to keep day traders happy with their positions. The most important thing to remember is even with a comprehensive trading plan, losses are inevitable. Statistically, a win only brings more losses, but the biggest trading secret is that a few wins can easily strike out many small losses. For day trading with a small account, trading success should send the trader to increase his or her stake. Your trading capital must grow over time to cover your own cost of living, as well as provide a "pay raise" over time. To obtain financial freedom, a day trader must have sufficient capital to both weather losses and collect big gains. The Biggest Fallacy in Celebration After a big win, the greatest fallacy a trader enacts is changing his or her trading structure. Too many times, an over-confident day trader makes trades based on "gut" feelings, rather than basic trading fundamentals. However, in this scenario, the trader eliminates strategy, instead entering the gray zone characteristic of gambling. Remember, the difference between gambling and day trading is proper money management. Proven techniques and strategies are profitable in the long run because they have set criteria for each trade, rather than just a stab in the dark based upon "gut" feelings. The Greatest Gift of Success is Education Learn from your successes. Indeed, the greatest gift of trading success is the education it presents you. Chances are that you placed the trade because of your own trading system and analysis; review the details surrounding your trade (ideally in the trade journal you keep) to develop a core of strategies that will produce winning trades. Give Yourself a Brokerage "Present" Boost your own trading profits by topping your account. Day trading with a small account is very limiting. After a big win, add some of your own personal funds to your account to keep your success. Undercapitalized accounts are the first to falter when the market turns. Investing in yourself can be the difference between profitability or simply getting by. For large wins, you might even consider quitting your day job. Many people have found financial freedom through day trading. If the time is right and you have bankrolled a significant balance, making day trading or swing trading a career can be both profitable and rewarding. Quitting the 9-5 is the ultimate way to celebrate long-term trading success. Original Article URL: http://www.myfreearticlecentral.com/Article_9086_HOW-TO-ENJOY-YOUR-TRADING-SUCCESS.aspx Leroy Rushing is an active, professional day trader [http://www.tradingeverydayshortcuts.com]; trading coach; and eBook author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products [http://www.tradingeverydaysecrets.com] and services [http://www.tradingeveryday.com/Community.html] that are available worldwide.

Original Article URL:

Keywords: