Start your business - Stock Trading. How to conduct trading as a full-time or part-time business.A beginners book with easy steps to guide you. On receipt of email payment confirmation, the eBook will be mailed to you. $3.99 An extract from the e-book A trader should consider stock trading seriously. When you buy something like a mobile phone, house or a car you consider a lot of factors. You carry out a lot of enquiries and research. Find out which is the best and which is the one that will work well and give a lot of satisfaction to you. When it comes to buying stocks a trader should work in the same manner. Many traders buy shares without much thought or any research. Mostly it is on hearsay, news, what friends say. They buy at the wrong time or at a wrong price. For each purchase a trader should determine if the deal and the price are good. Is it what he wants? Is it prudential to enter into this deal keeping in view his capital position and liquidity? He should look at trading as any other business. A Business man before investing in his business looks at the chances of making profit, what is the investment requirement, looks at the demand for his product or service and who are his competitors. The business may make profit or run into loss. He has a plan, a strategy and goals. Similarly, a trader should have a trading plan, estimate what are his capital requirements, what are his expectations on profits. He should follow his trading plan meticulously and make necessary changes to it, if required. Of all things, he should learn from his mistakes and experiences. Every trader’s aim of trading should be to make a profit. To earn money. In trading there will be profitable positions and losing positions. A trader should have the courage to face losing positions. It is human nature to talk of their achievements. They rarely like to talk about their failures. They try to avoid it. A trader should only concentrate on his goal of making money and at the same time taking care of this risk with a proper risk management plan. A trader should look for big profits and small losses. The success rate of all traders is around 50 to 60%. In such a situation a trader should plan to exit a trade with minimum loss and book profit at the maximum. If a target is to exit the trade at a profit of 20% then he should have a stop loss to exit loss making trade at a 10% loss. In absolute terms if a trader has a target to make Rs.2000 profit from each trade, then he should exit from loss making traders when the loss touches 1000. A trader should take responsibility for his actions and not blame others. The business of trading also requires training. Many believe that trading is just buying low and selling high. It is not so simple. It involves a lot of research, assessing the market trend, common sense, know about the extent of risk he is exposing himself. This was a brief introduction. We will be covering in detail the business of trading. We will begin with the basics and go forward into the various aspects of trading, how professional traders trade and make money.