利用者:StefanieMcwhorter906
Trade Alone or Having a Partner?
You will find pros and cons to each alternative. Should you trade alone, there will be no someone to help you with your projects (if you don't hire employees) and there will be no one that can trade for you personally in your absence. Furthermore, there will be no one with that you can discuss various markets, indicators, techniques and trades. To people individuals who need this kind of assistance, someone or well-trained assistant might be desirable. However, prior to you making such decisions think about the potential negatives of having someone.
A lot of Cooks Spoil the Broth
Futures trading is a 'loner's game'. A partner or partners can get inside your way. You might be influenced to avoid some trades you should have made and to make some trades you ought to have avoided.
Who's Responsible?
It is always good to understand that you alone have the responsibility for profits and losses. For those who have a partner or partners, it might be hard to know who is accountable for each decision. Lacking such knowledge will slow they process and could, actually, stall it entirely.
Sharing the earnings
You may not want to share your profits with partners? Granted, they might also share in your losses, but since you may end up getting more losses if you have partners, the advantages may prove nil.
Do you Want to Share Your quest?
A lot of us consider our research proprietary. We work long, hard hours to build up trading strategies and methods and that we might not want to share these with someone regardless of what she or he would bring into the relationship.
Slower Decision Time
As you know, decisions within the futures markets must be made quickly. Often the existence of a trading partner may slow down the decision-making process and, hence, severely limit the speed with which you are able to execute orders. This, as you can well imagine, can frequently have negative results.
Trade for a while, Long-term or Immediate Term?
I possibly could teach several courses just addressing this subject. There are plenty of variables to consider, not the least which are the personality and temperament.
Factors You should think about for making this Decision
•Trading System
Although some trading systems tend to be more ideally suited to short-term trading, others are more appropriate to long-term trading.
•Time Availability
Only you know the length of time available for you. To trade for a while or intraday you will need to make a major commitment of time. If you have another job and you can't make this commitment, don't even try! Be sensible and determine what you can do with the time you have available. This might automatically make your choice for you.
•Commissions
Are you currently paying sufficiently low commission's to permit short-term trading having a positive main point here?
•Personality
Are you able to go ahead and take pressure of short-term trading? Are you currently more in tune with long-term trading, its less demanding pace and also the patience required?
•Health
Surprisingly, health is really a consideration. In case your health is at stake, then by all means don't push your luck. Trade with the period of your time in mind, that will best be suited to any health issues. Answering this question honestly can help make many decisions for you without considering the other aspects.
•Data
Many people they are under the optical illusion that they'll day trade the market with no steady source of tick-by-tick data. Don't fool yourself. To day trade you'll need up-to-date, tick-by-tick, accurate and reliable data. If you can't afford it, if you do not know how to use it, then don't kid yourself. Day trading isn't for you personally.