Is Trading not my cup of tea?

As far as the articles I have read, nobody has spoken about the pains of trading as Dr.Brett did, in his blog. After reading that blog, I need to ask myself this question lot of times...

Is trading not my cup of tea and it is something else??

A comment in that post reads - the prob with all the newcomers is, that they are "overmotivated and undercapitalised". This can't be further from truth but people like me are finding it difficult to accept the harsh reality. I guess only when we accept the reality and do the following one can say trading is my cup of tea

I need to imbibe in myself the following beliefs about trading

* Treat Trading just like other business and become the sole entrepreneur.
* Accept Losses and treat it like losses in business
* Set proper targets not just stops
* Do trading with utmost discipline and money management and even after that you are not winning, accept the fact that trading is not your skill.

I am trading. But am i doing with all the above qualities? The harsh answer is no at this point.

Another link from blogosphere which talks about ineffective trading habits. Please scroll down the page in this link to find 7 habits of ineffective traders. After reading this i could list my mistakes.

* Not following stop loss all the time
* Keeping the positions open until expiry
* Not setting the targets according to day trader - 20-30 points or depending on the market

The thing is that i am keep on doing the same mistakes and as a result facing failures. Every time i fail i am pushing some more funds into trading a/c. I have to take a decision of not to push more funds into trading account until i see some meaningful improvements in my winning trades.

By rectifying the above mistakes and practizing trading for the rest of the year, i hope i can say a confident yes/ no for this question

Is trading not my cup of tea?

Lets wait till End of December 2009 to find it out!