Wednesday, 17 March 2010

3 Ms of Trading – Mind, Method and Money - Part 2

3 Ms of Trading – Mind, Method and Money

Mind

Your Mind plays the most important role between You and the Market and determine whether you win or lose money in the market.


Method and Money Management

Method and Money Management are just tools. It doesn't mean that you need complex tools to make money from the market. It is those who sells tools for a living made you believe so. Similarly, you also don't need to spend days and days of digging up every possible pieces of facts and figures to analyze and justify your decisions.

Long Term Investing and Your Mind
 
What is Long-Term Investing?
 
Learn to train your mind properly and don't ever corrupt your mind by calling losing positions as long term holding when you didn't intend to hold at all.

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