There are many
different kinds of traders in the market, most experienced traders would attest that success depends on many factors including hard work, research focus, passion, commitment, determination, and confidence., Here, we explore 8 timeless rules that are an important part of successful trading, no matter the techniques, markets or time frames you trade.
So naturally, as there are
different kinds of traders, there are different approaches too.
Not exact matches
Oil may be in the news this morning, but options
traders focused on a
different kind of energy stock yesterday.
Although the day
trader buys
different kinds of stocks throughout the day, their goal is to sell them all by the end
of the day, even if it incurs a loss.
Move over Guns N» Roses, this year options
traders are looking for a metal comeback
of a
different kind.
I only used that as an example
of a «
different kind of order from a market order» so I wouldn't have to detail every single possible order a
trader could make, which is why I didn't go into specifics for just that type
of order.
A skilled
trader with a process and a system can be profitable in
different kinds of market environments and will always manage a drawdown.