Stock Picks: How to Trade and Be Happy

By: Doug Newberry

Trading can be stressful business. Some people even find that they simply burn out on trading stocks because they just don't feel happy while "juggling so many balls." This doesn't have to happen, though. You can prevent trader burnout by making sure that your trading style fits with your personality.

Of course, you may find that there is no trading style that works with your personality. After all, trading stock picks deals with a lot of uncontrollable variables and consequently it may be too much for you and your lifestyle. However, if you are stressed and are starting to feel the first flames of burnout you may want to simply change your trading style and to try and find one that works well for you.

You may not know that the trading style you're using isn't the best fit for you. Think about your trading habits. Do you stay up at night worrying about how your stock picks are doing? Do you run past failed trades in your mind over and over? Are you constantly worried that you'll have to exit a trade on short notice? Are you generally unhappy?

If you answered one or more of these questions with a 'yes,' then you may be using a trading style that doesn't fit your personality. After all, we all want to be able to make money, but we shouldn't have to suffer excessively to do so. [Read full article]