'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Sunday, September 18, 2011

Trading is a process

It takes a lot of time to learn how to become a real trader.

There are no shortcuts. It takes a lot of learning years.

From reading tons of trading and investing books, surfing the net, reading blogs, attending seminars, and sometimes falling prey for some expensive promising subscriptions is the first step.

Other than that, the confusion how you want to be, a trader (ie. John Paulson, Livermore, Baruch, and others) or a Warren Buffet, Peter Lynch style kind of investor.

As a trader, there is what you call the personality traits that needs to be considered.

There are what you call the short term and the long term or the intermediate form of trading.

It depends about how to find your own personality, about who you are (know yourself).

Finding your own personality is the second step to be a trader, other than learning what trading is all about.

Approach trading as a business or a job, not expecting first to make a killing (make money) in the market.

Becoming a trader is like a doctor, an engineer or a lawyer.

Practicing your skills or mastering yourself in your specialized field takes time, patience, commitment, dedication and other self-help determination.