So, I lost money as a day trader.
The question is what to do from here.
In fact, there are some questions you'll need to ask yourself.
It can be a real novice in the market and simply for determining how to trade and still learning or perhaps you have been trading for awhile and I have become somewhat complacent and started changing the way you do things or how to take an experimental transactions. Whatever the case, these are good questions to consider:
Are you really suitable for the fast paced environment of the trading day? Experience the emotional anebokatebasmata that often comes with the territory for most types of personality? You may need to change your trading strategy if it is stressed by this style of trading.Does your lifestyle get negatively influenced by having to sit in front of a computer all day? I would really rather be doing other things instead of watching the market throughout the day, but you still really marketed your really disciplined?.? I mean REALLY disciplined. Day trading environment means that we make snap decisions and usually when ' bullets flying '. ARRANGEMENTS required is where you have strict rules that you're disciplined to stand throughout the volatility of the trading day is focused? You have a strategy you have back tested and committed to? Or always looking around for a new or better way to trade? are you passionate about trading and want to be successful and you will do whatever it takes to ensure your successful? you have someone you trust and helps with your culture? Are you prepared to work for yourself and what is holding you back from that successful trader? Are you aware of limiting beliefs you may have that holding back your Motivated you? to study and learn more about the market? Can you recognize your mistakes and ensure that you want to learn from them?In the light of the above questions, you may find that the answers will begin to draw a picture for you. An image that can be a little garbled around the edges, but will begin to get clearer as you work through them and to answer honestly.
may be that you've just lost some confidence in certain areas and may have hit a plateau which meant you have changed the way you did things like could not see that you where advancing ... Simply, you may need to regroup and defines a way to negotiate and stick to it.
Returning in negotiating for the test paper and feed your unconscious mind, it is always a good idea in this scenario. Your confidence will regenerate after you verify that you can make money again to a trading day.
Another important concern is to find the right coach and/or tools to help you identify and work in areas of yourself that hinder you. Your limiting beliefs can cause self sabotage, but can be overcome easily when the right tools and knowledge to be used and can have a huge impact on the outcome of your trading and your life in General.
may be that sell the wrong strategy and day trading is not for you. You will know in your heart if it is not really right for you. Especially if you're trading day for the wrong reasons e.g. I have heard that it can be the best money trading day. Where there is a huge profit potential, there is also a huge risk. Perhaps it is time to look for a strategy that works best for you, to fit the lifestyle and your personality.
There are two basic steps you need to do any marketing strategy work
Develop a ... Trading Plan and stick to it!
Find the right strategy for you. Back testing strategy to ensure it is a genuine possible strategy. Develop a plan around this strategy.
Stick to your plan! Working continuously to yourself. Get every bit of help, you can ensure you are disciplined, focused and passionate trader who converts to a highly successful trader that holds for the currency of!
Karen Oates is a seasoned options trader and mindset coach who excels at helping traders who understand themselves and the stock market using a simple ' keep ' trading plan and the mind tools of success through mastery of attitude, focus, attitudes, beliefs and strategies.
Karen has been certified as a:
Master NLP practitioner
Master Coach results
Performance Advisor
Specialize in subconscious reprogramming for advanced and Master hypnosis
Discover how you can use the best tools and techniques to become a successful trader you want!
http://www.outofmymindtrading.com/
Article source: http://EzineArticles.com/?expert=Karen_Oates
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