21. Size kills. Only change your unit of trading under a plan of attained goals. Also, have a plan for reducing size when your trading is cold or market volume is down.
22. Confidence kills. Remember, you really don't know anything. Respect the market every second of every day. Expect the unexpected. Always know your position and exit your trade immediately whenever you feel uneasy.
23. Measure yourself by profitable "days in a row," not by individual trades.
24. The best way to break a streak of "losing days in a row" is to not trade for a day.
25. Don't stop trading when your on a winning streak. "When your hot, your hot."
26. Three strikes and your out! Don't turn three losing trades in a row into six in a row. When you’re off, turn off the screen, do something else. "When you’re not, you’re not."
27. Scalpers reduce the number of variables effecting market risk by being in a position only for seconds. Day traders reduce market risk by being in trades for a matter of minutes.
28. If you convert a scalp or day trade into a position trade, by definition you did not consider the risks of the trade.
29. Don't ever fret about a missed opportunity. There is always another one just around the corner. Besides, several just happened that you didn't even know about.
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