Ten Tasks of Top Traders

1. Daily self analysis:   Successful trading is 40% risk control and 60% self-control.
2. Daily mental rehearsal:   Practice being disciplined in your mind before you trade daily.
3. Developing a low risk idea:   Trade with the odds on your side with a defined risk.
4. Stalking:   Wait for the entry. Utilize patience and don’t pull the trigger to soon.
5. Action:   Take the entry when the signal is hit. Do not freeze up. Be definitive.
6. Monitoring:   Keep an eye on what is happening with your position.
7. Abort:  Be ready to cut your losses, when you are wrong and hit your stop loss.
8. Take profits:  Use trailing stop or profit target when one is hit. Allow the market to take you out.
9. Daily briefing:   Think through your trading & what you did right/wrong based on your trading plan.
10. Periodic review:   Is your trading working? Do adjustments need to be made?