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The time now is 05/17/10 - 15:17

How to know if you were born to be a trader?


RealCool.BIZ Forum Index -> Investments & Trading -> Trading Psychology

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bord
Apprentice


Joined: 16 Dec 2005
Posts: 4



PostPosted: 07/27/08 - 07:55    Post subject: Reply with quote

I have recently been looking to start with investments. I have heard about many cases of magical increase in wealth literally overnight. I would like to know one thing. How to know if you were born to be a trader? Thanks in advance. Any info will do. It will really mean a lot to me.
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bob
Apprentice


Joined: 08 Dec 2005
Posts: 6



PostPosted: 08/26/08 - 00:27    Post subject: Reply with quote

Trading and investing is indeed one pretty tough thing to do. Whether you are doing virtual or real trading, you need to know whether you were born for that. There is a lot of stress, actual loss, and many unpleasant moments, even to the point where traders commit suicide. In metaphorical sense, it indeed does some damage. However, if you know your limits, and your potential, you could do well. You need to know your weak points as well, and you can do that only through experience. Meditation techniques are, for example very useful and very popular to relieve stress. However, if you have too much of it, you will not be efficient, and if you can not handle it, than you can tell you simply are not suited for being trader.
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