Transitioning from your everyday investor to a true speculator can be a difficult road. There is no magic word that instantly transforms you. It is a task fraught with its own dangers and perils. To be successful at it, you need the right set of tools and the proper mind-set with a healthy dose of desire to make it work.
The trade worksheet helps put you in control of your trading. Calculating your profits and losses ahead of time lets you know if the risk you are taking is a risk worth taking. This is how you gain control of your trading. You become prescient on whether the opportunity you are taking is a good one or not. This puts you ahead of the majority of traders who simply fly by the seat of their pants.
A journey of 1,000 miles begins with the first step. A trade journal is the key to long-term success. It is simple to maintain and perfect to use for improving your skill. The trick is to print a copy of the chart you use to enter a trade and a copy of the chart you use to exit the trade. Once this is accomplished, you take your notes directly on the chart. By writing on the chart, you diminish your paperwork.
Elementary teachers and parents play the biggest role in a child's mathematical development, especially from Kindergarten through Fourth Grade. Time spent in school learning math or not learning math can never be replaced. Parents should make sure the elementary math teacher is knowledgeable and is a good teacher.