Archive for the ‘Rules to Become a Successful Trader’ Category
Another day another vote
Wednesday, October 1, 2008 16:32 No CommentsFutures opened a little lower this morning, but held on to yesterday’s rally in anticipation of tonight’s vote. Seems like they’re just dragging things out, and following the markets and charts, it seems like they’re just playing along. There were some adjustments to the bill which seem to be beneficial but we’ll have [...]
Be careful not to have have “Tunnel Vision” when trading.
Thursday, September 18, 2008 15:37 No CommentsToday I just wanted to remind everyone(including myself) not to have “tunnel vision” when trading. What I mean by that is not just looking for the fast gains and then panicking when they don’t come. As a daytrader I know that this is a big obstacle to overcome, but if it can get [...]
Patience is a virtue (especially in trading)
Tuesday, August 26, 2008 13:15 No CommentsPatience is a key attribute to have(or develop) if striving to become a successful trader. Learning to stay on the sidelines and not force a trade is a challenge many traders face. Because trading is such a fast pace environment many traders find it difficult not to force a position. They feel [...]
Control your emotions
Friday, August 22, 2008 11:28 No CommentsEasier said than done, but this is key to being successful as a trader. Will give more details later. testing this post