Making Overnight Money via Trading

Many novice market trader take Stock Markets for granted and a money spinning machine. They have difficulty facing a cold, hard fact about the stock market: You can’t get rich over a small period of time.When a new traders sees options doing 50-100% in matter of couple of days they get allured towards trading and Hope of making big.

Professional trader know this fast as they has learned the same by receiving the hard knocks of the market. They expect to make big profits in the long run, but they focus on making as many reasonable profitable trades as possible. They do not focus on a single, life-changing trade.

As we are starting a new year this post is basically to tell you the real facts of trading and get out of your worlds of fantasies.

If you trade for Money you will never be able to make move EVER.

 

What’s Wrong With Dreaming of Big Profits in short time ?

What’s the harm in dreaming of making big riches? Nothing, as long as you realize that “quick riches” is just a fantasy. If you don’t, you may want to act on it.

If you dream about how big wins can change your life, you may start to want to make extremely huge profits…fast.

If that happens, you will  start taking trades which carries more risk, You will become a gambler trading on your emotions and gut feel, by ignoring tested strategies which provide long term profits, plus risk management to safeguard your capital.

You may take riskier trades with the hope of being lucky enough to triple your capital. Or you may be tempted to stray from your timing strategy because you are “certain” you see the potential to make a big win. This is the first step to disaster for any trader, whether a novice or experienced professional.

You may even abandon all risk controls because you may start to think, “Unless I can make some big money fast, market timing isn’t worth it anyway.”

Going For The Big Win

It’s important to protect your capital and  It is unlikely that you will be lucky enough to make lot of money just via few trades.

You will have to practices master and expertise the  tested strategies for year after year, just as all seasoned, successful market timers have done. Warren Buffet made bulk of his money after he turned 60+

Someday you may very well be wealthy and have an exciting lifestyle, but it isn’t going to happen tomorrow, or in the next year.

Sticking With A Strategy

For now, just focus on the process of sticking with the strategy through good times as well as bad times. Recognize that this is a process that takes years to complete. No one creates instant wealth from trading, its take years and years of practice with lots of hard work and mental fortitude.

You must stand the test of time to succeed. When you take this perspective, you will be satisfied over time and realize that you are among the select few market participants who have found the path to profits.

When you have traded a proven tested strategies for a few years, you will realize solid profits, and maybe over time, you will even make the kind of money that can fulfill your grandest dreams.

But for now, realistic goals, discipline and a good market timing strategy are the only things that will help you become a consistently profitable market timer.