Many people start a career trader with the hopes of becoming the next Warren Buffett or George Soros to buy multimillion-dollar homes and fast cars. They vividly dream about how much money they would have done if purchased shares, which rose 12 dollars per week. They are asking themselves such a setup: "If I make 50,000 and I'll be happy 'or' If I make a million dollars, I'll go – I do not need." Then they begin trading … And lose. Varieties thoughts and expectations that bring these types of traders in the market – a guarantee of endless losses. This is because such thinking is often an indication that the trader is trading, not for work but for the sake of money.
While almost all merchants interested in profits, trading for the purpose of wealth is quite different. Do you have a trader loan, which he must pay, or he wants out that fancy sports car, the brain pressures inherent in such types of financial expectations, tends to establish a 'standard' or quota in the mind of the trader. Naturally, it then shifts the perspective of the trader and options for risk management. Often this makes the trader neglect risk, forcing him to take profits without attention to the proper relationship of risk and profit setting stop-loss points. Successful traders almost always sell for the sake of process itself. You can often read about them, saying, that they really do not care about losing money. This does not mean that they ignore the loss, just the potential financial loss – it does not drive their trading or investment decisions.
Traders are coming for profit, quickly learn that the more they want money, the easier it is to lose. It is very important to find out what your goal in trading. If you find that trade with any kind of financial pressure, you should think about why this pressure exists, and then work on its liquidation, so that you like to trade for the sake of trade. Profit is not slow to follow.