Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: THE HUMAN SIDE OF EVERY...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: AS LONG AS A STOCK IS...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: NO TRADING RULES WILL...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: MARKETS ARE NEVER WRONG –...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: DON’T BECOME AN INVOLUNTARY...
Trade: Short @ 109.24 SL: 109.33 TP: 108.87 _________________________________________________________________________________________ Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: END TRADES WHEN IT IS CLEAR...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: CONTINUE WITH TRADES THAT...
Note: Stock trading requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk management program based on your personality ________________________________________________________________________________________ Trading Rules: DO NOT TRADE EVERY DAY OF...
Note: Stock trading requires a personalized trading strategy: *A method that specifies the type and amount of patience *A method that will notify you of entry and exit points based on the specified rules *Your customized psychology plan *Risk management program based on your...
________________________________________________________________________________________ Trading Rules: Beware of Reinforcement: Active trading releases adrenaline and endorphins. These chemicals can produce feelings of euphoria even when you’re losing money. In turn, this encourages addictive personalities to take bad positions, just to get the rush. If...
________________________________________________________________________________________ Trading Rules: Make Peace With Losses: Trading is one of the few professions where losing money every day is a natural path to success. Every trading loss comes with an important market lesson if you’re open to the message. Also, know when to quit and take a break from...
________________________________________________________________________________________ Trading Rules: Embrace Simplicity: Focus on price action, understanding that everything else is secondary. Go ahead and build complex technical indicators, while keeping in mind that their primary function is to confirm or refute what your eye already...
________________________________________________________________________________________ Trading Rules: Don’t Count Your Chickens: It is okay to feel good about a trade that’s going your way, but the money isn’t yours until you close out or cover the position. Lock in what you can as early as you can, with trailing stops or partial profits, so the hidden...
________________________________________________________________________________________ Trading Rules: Ditch the Paycheck Mentality: We’re taught to grind through the work week for a paycheck. This pay-for-effort reward mentality is at odds with the natural flow of trading wins and losses during the course of a year. In fact, statistics indicate that most...
________________________________________________________________________________________ Trading Rules: Use Your Head: It’s natural for traders to emulate their financial heroes, but it’s also a perfect way to lose money. Learn what you can from others, then back off and establish your own market identity, based on your unique skills and risk...
________________________________________________________________________________________ Trading Rules: Tools Don't Think: Some traders try to make up for insufficient skills with expensive software, prepackaged with all sorts of proprietary buy and sell signals. These tools can interfere with valuable experience when you think the software is smarter than...
________________________________________________________________________________________ Trading Rules: Watch for Warnings: Big losses rarely occur without multiple technical warnings. Traders routinely ignore those signals and allow hope to replace thoughtful discipline, setting themselves up for pain. In short, keep an eye out for early signs that market...