Tuesday, 18 April 2017
Monday, 17 April 2017
Quote for the day
"Human nature drives us to do what everyone else is doing when everyone else is doing it. Those who want to achieve financial success must learn to fight against this basic instinct." - Jan Somers
Sunday, 16 April 2017
Recommended Trader Disciplines
Learn these healthy trading disciplines!
Remember...Trading is more about who you are..not about an entry or exit point.
- Always keep a positive attitude win or lose.
- Continually strive for patience, perseverance and rational action.
- Never cancel a stop loss order after you placed it!
- You are the most important element in the equation for success. The most difficult task in speculation is not prediction but self control. Successful trading is difficult and Frustrating.
- Expect and accept losses gracefully. The who brood over losses always miss the next opportunity.
- The difference between winners and losers isn't so much native ability as it is discipline exercised in avoiding mistakes.
- Accept failure as a step towards victory.
- Taken a loss? Forget it quickly. Taken a profit? Forget it even quicker! Don't let ego and greed inhibit clear thinking and hard work.
- The deepest secret in day trading is to subordinate your will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as you recognize this your safe. When you ignore it your doomed.
- A loss never bothers me after I take it. I forget it. But being wrong and not taking the loss, that is what does the damage to the pocket book and to the soul.
- If you don't know who you are, the markets are an expensive place to find out.
- Lose your opinion, not your money!
Source:www.protradersignals.com
Quote for the day
"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." - George Soros
Saturday, 15 April 2017
Trading emotion cheat sheet
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