Trading Is A Business

Remember, stock trading is a business and another common stock trading mistake is to take it personally.

Don’t let a bad trade damage your self worth. OK, you made a mistake and these things happen. No-one is right all the time and a losing trade doesn’t mean you are a terrible trader any more than a winning trade makes you the best stock trader in the world.

Don’t fall in love with a stock either, no matter how much money it’s made for you. If there is a profit to take, take it. Sure you want to be right and feel great when you are but nothing stays the same forever and you must be ready to ditch any stock at the first sign of trouble.

As ever make you plan and stick to it.

Dave J

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