Who are you in the stock market? Trader or Investor?

v  Trader

v   Investor

  Trader

v   Day Trader – don’t carry overnight position, exit any position Intraday.

v   Swing Trader - who trades the swing high and lows, normally known as short term   

trader(20 days)

v   Positional Trader – who holds position for several weeks or months.

       Investor

Who buys and holds the shares for years.

A Successful trader is realist – he knows his abilities and limitation. He sees what the market (Economic World) is and know how to react to them. He analysis the market without bias observes his own reactions and plans accordingly.

The following are requites of successful trader:-

·          Successful traders listen to the markets. Unsuccessful traders try to impose their will on the market.

·          Successful traders have absolute control over their emotions; they never get too elated over a win and too depressed over a loss.

·          Successful traders do not panic; they make adjustments rather than revolutionary changes to their trading style.

·          The successful trader only trades with money he/she can afford to loose.

·          Successful traders spend as much time focusing on money management as they do on trading methods

·          Successful traders do not flinch at making the decision to take a loss, they never let loses ride and never add to loosing trades.

·          Successful traders treat trading as a business not a hobby.

These are some of the essentials of successful traders.

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