A Good Trader Treats His Money As an Employee!

Published by Sharekhan Education | March 6, 2021

A Good Trader Treats His Money As an Employee!

The way you look at money plays a very important role in wealth creation. If you work for money, which majority of retail traders do, your chances of wealth creation go significantly down. Successful traders are ones who treat their money as an employee while trading. The moment your entry triggers, your money is at work. If the trade is going towards Stop Loss it basically means that the employee is not doing a good job. In such scenarios as a boss you put your money in “PIP” i.e performance improvement program, basically telling that the money starts working well or you would fire them. When the Stop Less gets triggered, you have done nothing but fired them as now you can use your money – “employee” for some other assignment. After your entry gets triggered and trade is going in your favour it basically means that employee is doing a good job. Most of the retail people take a quick exit after making small profits. Think about it.. retail traders fire their good employees and give a permanent job to their bad employees..

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