accept personal responsibility for own trading
accept "they" will trade for their own good, same as you
develop your world-view beliefs as they relate to trading
set dollar range goals for your trading
develop your own personalized, systemized trading plan(s)
trade both up-side and down-side
trading can be maket aligned, or market agnostic
accept losses as part of any trading method, and move on
have 3 simple strategies that you understand very well
set target price ranges, rather than specific prices
avoid paralysis by analysis
avoid tight stop losses
take losses, hold winners
profits, let them develop
avoid trading on stories and news
predictions, "sought after like cheese-burgers", about as meaningful
track your trade details in a journal
risk management and money management, how they are different
have a regime for position size, and scale in, scale out
consider campaign style trading
Tuesday, August 17, 2010
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