In other businesses you find a market, you learn a skill or develop a product, and then expand upon that idea until it is superior to your competitors. Trading is the same - it is a business -a war for survival, and if you want to be financially secure you will have to sacrifice, in the exact same manner as a shrewd business person. As in conventional business practices you have to be patient, focused, disciplined, committed, hard working, and in complete control of your business and oneself.

To be successful in your equity trading business you can't control the market, all you can do is identify the trend and go with it to profit, that's not to say that you cant be confident with your trading, but you need to realize early in your career That is perfectly acceptable to be wrong, and as long as you stick to your exits and discipline, you are running a trading business within a large market, you are never truly in control. You can never be reliant on tips or one trade to secure your financial future, nor can you build a trading business using a mechanical autopilot system. You have to continuously work, tweak and evolve with the market, successful traders adapt and maneuver, even after you have developed that strategy, it will require ongoing effort and monitoring.

Once you have an equity strategy that is profitable, try to remain very consistent and subject yourself to the trading opportunities it identifies. Be careful not to over analyze a bad week, make sure when you adapt a strategy there are sound rationales and data that support you change to avoid losing your original hypothesis for which the strategy was original focused. There are many articles out there on the web that you should keep searching for a different method or system to improve your trading, and we strongly suggest trying to stick with what you have and see it through, you need to give things a chance to work through variable market conditions.

Successful equity traders know the main part of their trading business is the development of their trading skills. When you have a set of trading rules that suit you and you are happy with what you have, you need only improve your skills to implement them; this will take much of the stress and anxiety out of the market. When you begin to remain consistent and disciplined you can then create a dynamic trading business that will help secure your financial future.

Disciplined Trading

The Equity Scholar Team

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