I’m not too sure whether I got this from a book or I thought of it myself. Anyhow, in trading, I believe that you need to possess the two B’s. What are they? Well, they are:
1. You need to be BOLD
Being bold is indeed very important in trading. You need to be able to make out what’s happening with the market, be if you’re a believer in fundamental analysis or technical analysis. Often also, you need to make split second decisions.
2. You need to have BALLS
Being gutsy is also very important. Without this quality, you’ll freeze in front of the monitor, I promise you that. Plus, you need a lot of bravery to see your trading money whipsawing every other day.
So, if you’re a trader out there, do you possess these two qualities? As for me, I still need to do a heaps of work in expanding my BOLDNESS and enlarging my BALLS, so to speak 😉
Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.