Normal
What's trading all aboutAs traders we buy a position in the hope sometime in the future we will be able to offload our position to someone else at a higher price than we brought it. Traders make money in the markets by exploiting changes in prices. Most traders put all their effort into buying whereas successful traders put most of their effort into selling.The main effect of profitabilityIs knowing when to take profits & when to cut losers. Trading is worse than a zero-sum game when commission is accounted for. Nothing works all the time when trading & you need to accept that some trading strategy at one point or another will & can stop working. By keeping accurate records of ongoing performance you'll better be prepared to spot the changes, giving you ample time to respond. When in doubt, I say, "pull out".Skate.
What's trading all about
As traders we buy a position in the hope sometime in the future we will be able to offload our position to someone else at a higher price than we brought it. Traders make money in the markets by exploiting changes in prices. Most traders put all their effort into buying whereas successful traders put most of their effort into selling.
The main effect of profitability
Is knowing when to take profits & when to cut losers. Trading is worse than a zero-sum game when commission is accounted for. Nothing works all the time when trading & you need to accept that some trading strategy at one point or another will & can stop working. By keeping accurate records of ongoing performance you'll better be prepared to spot the changes, giving you ample time to respond. When in doubt, I say, "pull out".
Skate.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
