Minggu, 08 Maret 2009

My Trading Style - Intraday Trader

As an options trader, I've found that playing as Intraday Trader is my style. And become Intraday Trader needs 3 key success factors:

1). Be Discipline.
2). Be Patient.
3). Trade what you SEE, not what you THINK.

1-Be Discipline
Discipline with the trading rules that you believe can generate consistent profit. Of course we need to paper trade first (6-12 months) to find the perfect one that suitable for us to play in real account later.

2-Be Patient
Most of the time, during the market hours, we usually can't immediately find the right moment that meet our criteria. Don't get rush with this conditions. This need high patient attitude for success results as options intraday trader.

3-Trade what you see, not what you think.
We can search for market sentiment, latest chart performance, etc. But the most important when trade the candidates, we've to believe for what we see right now, price behavior that reflects from its price chart. Trade your plan. Don't get confused with what analysis or any other information that not affect directly stocks we choose as our candidate.

HAPPY TRADING


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