Saturday, March 21, 2009

Being A Professional Trader

A Professional is a person supposed to be an expert on the subject he is dealing with for earning a livelihood. The inner work process of professionals is likely to differ. But they are adaptable, easy to get along with, open to change and great note takers. Their approach is holistic; rather than harping on a certain method since it is the sum of parts that is more important. Technical expertise comes naturally as they work for satisfaction and not merely for money. Research is a prized instrumental value which enables the development of more fundamental values, such as autonomy. A professional learns from his mistakes and utilizes them to bring more perfection to his trading. Their comments are realistic and precise but never abstract. Since Trading is a zero sum gain, most people in the industry from Investors to Analysts to Brokers find it tough to accommodate with professionals.

A professional can give bad name to his profession if he does something unethical or against his profession. Hence he follows strict ethical standards. Ethics are a part of practical, professional decision making. If they are willing to help newcomers, good; it will be a comprehensive mentoring. If they're not; it will be a simple silence or blatant 'no'. This is why most pro traders shy away from publicity and like to operate secretively.

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