How to Win at trading ... A - F

S

SethArb

some thoughts from a successful week ...


A : find a method that works for you

B: keep losses and losing streaks small

C: keep winners and winning streaks larger than losses

C: take breaks when tired ...

D: control emotions and keep trading size reasonable

E: hedge when necc.

F: Plot your progress each day and week to build up confidence.
 
Originally posted by SethArb
some thoughts from a successful week ...


A : find a method that works for you

B: keep losses and losing streaks small

C: keep winners and winning streaks larger than losses

C: take breaks when tired ...

D: control emotions and keep trading size reasonable

E: hedge when necc.

F: Plot your progress each day and week to build up confidence.
More...

G: Keep repeating out loud while looking into a mirror:

Every day...

In each and every way...

I am getting better and better....
 
guess I was tired .... glad I stopped trading today

last week I did not on friday and turned a profitable week
into a losing one ...

:(
 
now how the heck are you going to keep losing streaks small? Losses, yes. And how do you make winning streaks long? Profits yes.

Hedge? When neccessary? This one I gotta hear.

So far the only one I have mastered is taking a break. I don't even wait for a losing streak or when I am tired. I take my best breaks when I am winning and well rested.
 
Hedge when necessary???? NEVER, EVER TURN A BAD SCALP INTO A SPREAD. Just get out and start over again. Recipe for disaster.
 
Originally posted by SethArb
some thoughts from a successful week ...


A : find a method that works for you

B: keep losses and losing streaks small

C: keep winners and winning streaks larger than losses

C: take breaks when tired ...

D: control emotions and keep trading size reasonable

E: hedge when necc.

F: Plot your progress each day and week to build up confidence.
More...

"F" is a big one. Use screen captures and print out your charts and look at your trades. You will learn a lot about your trading doing this. This has really helped me and have only been doing this for about 2 months.

 
I think A and D are the key points.

Get them right and all else falls into place. (I never plotted progress. I could always tell by my paychecks).

Peace,
:)Rs7
 
Originally posted by OPTIONAL777


G: Keep repeating out loud while looking into a mirror:

Every day...

In each and every way...

I am getting better and better....
More...

Hey Op.....

If John Lennon were still alive, he'd get you for plagiarism!!!:p

BSAM
 
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