Sometime before while going through the blogs , I came across this post . The post was quite interesting and I wanted to put a reply but somehow eToro is not letting me login to forums so I thought I would put my responses here.
So the post was something like this
Earn Like Professionals Do!!!
Hi this is Rebello and I am a new trader wherein lookin for good suggestions on how to Earn Like Professionals Do…Â Â Thanking you for any advice……
Rebello,
Actually you have answered your question yourself . In order for you to earn like professionals , you have to trade like professionals.  All the responses provided on the site are quite on the mark but a little thing which is remaining unsaid is , you need a temperament of  a professional trader to earn a result like him. Take an example
you have an equity of 2000 USD and Bill Lipshutz http://en.wikipedia.org/wiki/Bill_Lipschutz has possibly 20 million  and professionals don’t come any better than him. What is important is not that he earned  200 million and you earned possibly 2000 USD  but how you arrived at that decision of trading that particular trade  , Whether you have backup in case your trade went wrong and a backup plan of getting up  to trade again if end up falling.
If you can trade like professional , sooner or later you will earn like a professional. Â Earning like a professional should not be translated as earning big bucks , though that is a part of it, Earning like a professional means constantly improving upon , checking and working on you techniques , methods and approach.
No trader on this earth has always been successful. There has always been losses but the people who remain at the market when dust settles are the people who prepared for the worst case scenario .
Personally in my case , I think I still hold the record of 182000 USD in a week in etoro but I also hold a record of possibly loosing close to 140 thousand in a day.
There are no straight I hope this has helped a bit.
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Thu, Jan 7, 2010
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