| There are several factors that are responsible for | | | | What is the ideal solution? |
| making profits in stock trading. While some of them | | | | First, as an intelligent stock trader, you should learn |
| are outside your control, there are many that you | | | | to study the stock market yourself and take |
| can control yourself. The truth is that if all the | | | | independent decisions irrespective of the advice |
| factors were within the control of the trader, then | | | | offered by the so-called gurus and experts. You |
| nobody would incur losses. But this is against the | | | | should develop your own personal intelligence assets |
| very nature of any business including stock trading. A | | | | based upon your own knowledge, expertise and |
| successful stock trader is one who manipulates even | | | | experience. For this you must learn to understand the |
| the adverse outside factors to his advantage. | | | | stock market trends, make fundamental and technical |
| We all know that stock market keeps rising and | | | | analysis and do every thing else to build your own |
| falling and even the best stock market experts and | | | | reliable data of knowledge about stock trading. |
| pundits quite often fail to anticipate its trends despite | | | | Secondly, you must realize that even your best |
| life long experience and expertise behind them. There | | | | judgment and intuition can go wrong and you should |
| is also no denying the fact that there are hundreds | | | | be prepared to suffer losses. You should be willing to |
| and thousands of stock traders who have made | | | | take them in your stride as a part of the game. |
| millions and continue to do so. At the same time | | | | Above all you should not quit stock trading because |
| there are more losers and quitters than the winners | | | | you have suffered losses in a particular phase. You |
| in the very same market and trading conditions. | | | | should learn to look at your profits and losses in right |
| There are several factors that determine your | | | | perspective. |
| success or failure in stock trading. | | | | Do not work with revenge mentality. Quite often you |
| The first and the most important requirement for | | | | buy a stock and suffer loss in it after a few days. |
| making sure profits in stock trading is to understand | | | | You naturally feel frustrated and make up your mind |
| your own mental capabilities, your personal strengths | | | | to recover your loss from this very stock even |
| and weakness, your beliefs, propensities and outlook. | | | | though it is fundamentally a poor performing stock. |
| It is creating a personal data of your own mental | | | | Involving your ego or sense of false pride in such |
| assets and liabilities. This will allow you to develop a | | | | situations can prove self-defeating in the long run. |
| special mindset that is peculiar to winning in stock | | | | You must understand that stock market is like a |
| trading. | | | | stream whose currents keep changing. You should be |
| Some people enter stock trading because a friend's | | | | always on the look out to make the best of those |
| friend is making thousands upon thousands of dollars | | | | currents. You have to either fight them or ride them. |
| every month. Or a stock market guru had predicted | | | | There are stock traders who can make money even |
| about hot stock for a particular week. It obviously | | | | when most of the traders suffer losses and quit |
| means that you have taken to stock trading without | | | | trading. For example, intelligent traders buy the |
| thoroughly understanding your own nature or | | | | stocks of good companies when their prices are |
| studying the stock market itself. You are working on | | | | down as in the present stock market situation of |
| the minds of others, seeing the things with others' | | | | slump and recession. It requires a great courage and |
| eyes. | | | | imagination to buy stocks during apparently bleak and |
| Let us assume for a moment that the prediction | | | | hopeless phases. |
| made by the guru came true and you made a quick | | | | With this kind of mental make up you can make |
| buck. You again followed his advice about the next | | | | profits on consistent basis. This can be achieved only |
| hot stock, but this time you suffered loss. You are | | | | when you develop a kind of self-awareness about |
| depressed and want to quit stock trading. This kind | | | | mental and intellectual assets. You develop the right |
| of attitude points to the fact that you have not | | | | market perspectives and plan accordingly. This |
| thoroughly examined your own personal mental make | | | | generates the confidence of a winner. |
| up with regard to stock trading. | | | | |