SOME TRADING SUCCESS MANTRAS BY
RENOWNED TRADING COACH TODD MITCHEL:
Trade for skill, NOT the money=. If you’re focused on the money
aspect of trading…you’re not focused on the ‘trade’. And SCARED MONEY
NEVER WINS!
Concentrate
on what you are trade. Each market has personalities, habits and friends…get to know
them all.
Focus on
your executions. Remember, every execution is a trade. Money is
valuable…don’t leave it on the table.
Remember
that even the best of the best traders lose money.
Learn to accept your losses and move on to the next trade. That’s
just part of the business – you will NEVER win 100% of the time.
When in
Doubt, Get Out (or Stay Out)!! Deal with reality, if the
market doesn’t behave like you expected, Get Out Immediately!
Learn the
difference between gambling and trading: (1) Don’t trade just because it’s irrationally high or low, (2) No positions
before major market announcements, (3) always use a protective stops, and(4) always have a high probability
trade set-up before putting on a trade.
Anticipate,
identify and take full advantage of momentum in the market.
0 comments:
Post a Comment