Trading

Just be yourself when you trade the markets... it will eventually lead you to success: Imagine, you are in the school yard again - set to impress that girl or guy you liked. You go up to them, pretending to be something you're not. You may fool them the first or second time. But in the long term, can you keep up the act? Can you keep living being someone you're not? It's the same in the stock markets. Each one of us has different financial situations and goals. You cannot take the same level of risks that I take, and I wouldn't take the same risks you would take. If you cannot be true to yourself in the markets you will find it harder to find your niche.

Is the Stock Markets Ever Against you? No, the market is never against you. Trade the markets, you trade against yourself. As a trader, do you ever get the feeling that the market is ever against you? When I trade the stock markets often, sometimes I start to personify the markets. This happens when I’ve had either a string of losses or a string or profitable trades. When almost all of my trades have been profitable - one after another you begin to feel confident. The market is your best buddy. The market is on your side. You are very confident... and are prone to mistakes. Then your string of trading losses are piling up. The market has become your worst enemy. The market is against you.

I Pity the Fool who Trades with No Stop Losses... And That Fool Was Me. After a series of losses, you start to realise that stop losses are a trader's best friend. And that's exactly what is happening to my account as of late. But it doesn't matter - you can't expect to profit all the time... all that matters is that when your trades are profitable - you let them run and when they are not - cut them short.

You're in the green - you're actually making money on the stockmarkets. But you are simply breaking even... why? Because you are simply returning your profits back into the markets. A part of trading successfully is managing risk and consequently preserving and protecting your profits. You must trade with a plan - a part of that plan being an exit plan... a stop loss plan, a plan that tells you when to get out when your initial technical analysis that signaled an entry point fails. That is the time to execute your exit plan - if the trade goes sour.

Welcome to MyShareTrading.com!

MyShareTrading.com is about the sharing of share trading information - written by traders for traders of the financial stock markets.

I have a trading blog that I maintain whenever I can. My Share Trading also reports on stock trading news.