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Written by Leroy Rushing
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Trading discipline is a fast track to trading success. Disciplined, working strategies will statistically win in the long run. But how should you celebrate your trading success and make the most of your wins?
Day Trading Mentality
Day traders who make a quick profit are the first to celebrate trading success. The small intraday movements in price are enough to keep day traders happy with their positions. The most important thing to remember is even with a comprehensive trading plan, losses are inevitable. Statistically, a win only brings more losses, but the biggest trading secret is that a few wins can easily strike out many small losses.
For day trading with a small account, trading success should send the trader to increase his or her stake. Your trading capital must grow over time to cover your own cost of living, as well as provide a “pay raise” over time. To obtain financial freedom, a day trader must have sufficient capital to both weather losses and collect big gains.
The Biggest Fallacy in Celebration
After a big win, the greatest fallacy a trader enacts is changing his or her trading structure. Too many times, an over-confident day trader makes trades based on “gut” feelings, rather than basic trading fundamentals. However, in this scenario, the trader eliminates strategy, instead entering the gray zone characteristic of gambling. Remember, the difference between gambling and day trading is proper money management. Proven techniques and strategies are profitable in the long run because they have set criteria for each trade, rather than just a stab in the dark based upon “gut” feelings.
The Greatest Gift of Success is Education
Learn from your successes. Indeed, the greatest gift of trading success is the education it presents you. Chances are that you placed the trade because of your own trading system and analysis; review the details surrounding your trade (ideally in the trade journal you keep) to develop a core of strategies that will produce winning trades.
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Written by Lara Sawyer
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Sometimes when it comes to Christmas presents it is hard to choose. One does not know everyone on the party and may be afraid of give something that the person will not like. Of course, the ideal present will depend on whether you are giving it to a kid or an adult and how much money you are willing to spend. Nevertheless, following is a list of possible gift that you can surprise your loved ones with and that will surely be a success.
Classic Movies
There are several classic Christmas movies that can be an excellent present for almost anyone and there are various to chose from so regardless the age of the gift addressees there is surely one for them. Various titles that can be offered as presents during Christmas are: White Christmas, It is a wonderful life, It happened one night, Miracle on 34th Street, Jungle book from Disney for kids, An affair to remember and many, many more titles you can easily find by doing a quick search on the net.
Chocolate
Everyone loves chocolate and it comes in so many shapes these days that you surely can find a presentation that suits each gift addressee. You can get those cute packages with chocolate filled with liquor for the old ones and various different animal shaped chocolates with milk for the younger ones. Also, a big chocolate bar is an excellent addition to attach to a small present when your funds are running low (everybody knows that chocolates are cheap).
Wines, Champagne, Liquors
For the old ones, if you do not know them enough, very classy and flexible presents are beverages like a good bottle of wine (they come of all prices and shapes, some are local and cheap, others are imported and expensive). A good alternative to wine if you are not very familiar with it is to purchase a bottle of champagne. There is also a wide range of types and prices so you will not have a problem to adjust this option to your budget. Finally, exotic liquors are always a success, they can even be opened during the occasion and you can also have the chance to have a taste of your present.
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