Saturday, February 27, 2010
Traders who need discipline!
For Traders who need discipline! Consistency is the key! If you are going to have a "monster day", let the market give it to you. Do not decide that you are going to have a "monster day". Take no big hits......stop trading when you have reached your downside limit (have a reasonable downside limit). Lose only what you can comfortably make back on the following day. To be a winner at the end of a year, follow these rules: Do not press prior to holidays; Do not press prior to birthdays; Do not press prior to vacations; And beware of every Friday. Your job is to be a winner at the end of every week period.Mkh