Its been over 7 months for trading in crude oil and its already been hell of an experience.The trading culture demands patience yet quickness,calmness yet aggressiveness.Unlike other sectors where one works and gets paid for the services provided,here,for u to win,other must lose.Evryone comes with a dream to make it big.Its believed that trading is the easiest way to make money.And this mistaken belief brings liquidity to the market.In last 7 months or so,a lot has happened which didnt happen in last 70 yrs.Institutions which never posted loss in last 120 yrs(ya,not even at time of world wars) went bankrupt.All feel good factors went for a roller coaster ride and pink slips are in again.The boom which made all Engineers and Post graduates get hefty packages right from day 1 has come to an end.Or jst like markets,its time for correction in packages as well(i hope so).
Anyways,lets continue with more on world on trading.Everyday markets put ur discipline to test.The irony of trading is,the rules of game are pretty clear,go with the trend,cut ur losses and let ur profits run,and many more,inspite of this well defined rules,still most ppl fail.I found an image which says evrything about a trader's mind.Check it out!!
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