BASIC TRADING RULES

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Wednesday, March 30, 2011

Setting and accomplishing realistic goals

  • Goal must be realistic -  This means that goal has to be something that is within your capabilities. It may be possible to make a million dollars first year, but its probably not very realistic because it isnot within your capabilities yet.
  • Goal must be attainable - If you are trying to make 500/- a day, you have a much better chance of being able to reach that goal versus the goal to make a million dollars this year.  Start with a smallest goal and make it big slowly.
  • Goal must be measurable - Everybody wants to get rich in the market. But that isnot really a goal.  You must be able to know when you are far  away, close and when you have achieved your particular goal.  
  • Above all these goals must be written, visually seen by you throughout the day (pictures).

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