Thursday, January 28, 2010

4 mental states of a trader

There are 4 (psychological) kinds of stock traders:-

1) Those who make profit and are happy,

2) those who make profit but are still unhappy,

3) those who lose and are unhappy,

4) those who lose but are still happy.

The first and third ones are Amateurish, second ones are Sadistic while the forth ones are "likely-to-be professionals".

Profit from method is a one way phenomenon. It comes and rarely goes. Profit from Luck is a 2-way phenomenon.

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