Sunday, 15 December 2013

TEN WAYS TO BE A TRADER

1.       Trade based on the probabilities NOT the potential profits.

2.       Trade small position sizes based on your account NEVER put your whole account at risk of ruin.

3.       Trade a plan NOT emotions.

4.       Always enter a trade with an edge that can be defined DO NOT trade with entries that are only opinions.

5.       Trade based on quantifiable facts NOT opinions.

6.       Trade after extensive research on what works and what does not. Don’t trade in ignorance.

7.       Trade with the correct position sizing since risk management is your number one priority and profits are secondary concern.

8.       Trade in a way that eliminates any chance of financial ruin NOT to get rich quick.

9.       Trade with discipline and focus DO NOT change the way you trade suddenly due to winning or losing streaks.


10.    Trade in the present moment and DO NOT get biased due to old wins or losses.

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