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Home business Expertise Like On Site Shredding Can Save Firms Time and Income Home business Expertise Like On Site Shredding Can Save Firms Time and Income June 22 Peja Stojakovic Jersey , 2012 | Author: delbertbradl113 | Posted in SEO
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锘? Whether your market is stocks and shares Mitch Richmond Jersey , horse racing, greyhounds or football, as traders we all share a subset of personality traits that enable us to be successful.

The unfortunate reality is that not everyone has the personality make up required to be successful in this career.

Financial trading of any kind demands a certain type of personality and attitude that fulfill the following criteria.

A trader must be:

* Able to accept substantial losses without self loathing and judgment.

* Humble enough to accept the futility of attempting to fight market trends.

* Aggressive and assertive in making decisions and predictions and sticking to them.

* Able to understand, accept and follow strict rule and pattern based systems without self doubt or question.

* Able to accept Mike Bibby Jersey , log and learn from mistakes in a logical manner.

* Able to take a long term, logical, assertive and decisive approach to their trade.

Obviously, personality traits are not easy to change.

The fundamentals of trading can to some extent be learned Malachi Richardson Jersey , and the rules can be followed, but the basic features of ones personality are either there or they are not.

The other important feature of trading that is often missing from what can only be described as very poor trading systems and manuals is the concept of trading profits.

What do we mean when we refer to turnover, capital and percent profit?

Percent profit on turnover is very different from percent turnover on capital.

The daily profit that you take from trading can be defined by the amount of money you win by making trades that move in the direction you predict, minus the money you lose by making trades that move against the direction you predict Langston Galloway Jersey , minus the sales commission that you pay to the betting exchange operators, or the stockbroker who is acting on your behalf.

Part of the beauty of the Betfair Betting Exchange is that your capital can be recycled through the market several times a day so it can be seen that a ten percent profit on turnover can be infinitely bigger than a ten percent profit on capital.

The ideal scenario for a trader is being able to visualize instantly when a trade is about to go against them and work to a stop loss system that gets you out of a trade at a certain point once it has moved against you to the preset amount.

This can in part compensate for the very human tendency to wait and hope that the market turns around and somehow miraculously comes to your way of thinking..

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