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

Monday, March 19, 2012

Trade Like A Turtle

Been learning and observing the market for a quite a while and participates daily with its movements even in an "on and off" activities.

The thing that I noticed from all (or most) participants (especially the individual retail traders, the home traders) were all looking for the "kill" in the market.

And also looking for the "short cut" in trading the markets to make easy profit.

But that's not how the market works.

Unless you are working for the sophisticated prop firms, but if not, you need to trade in a slow pace with minimal but consistent expectations.

Making a low profit in the market that is equivalent to a minimum day's work might be enough considering how the markets is tough to trade.

Especially if you are still at the initial stage of your trading endeavor, expecting high returns should first ignore.

Trade like a turtle might be the suitable words to describe in trading the markets.

Trade the market in a slow calculated edge with minimal profit enough for a day's work is the right way to get involved in the market.

In other words, treat trading as a day job, not for the get rich quick scheme.

Otherwise, you will quickly lose your capital and if you are not ready also your sanity.

Trade the market carefully!