What is the Smartest thing you ever did Trading

[Picaso]

@Jdesey I like your attitude

Spent the time to put my plan in writing.

Same as what I said in the "dumbest thing" thread, only in reverse: Sleeping in.

The first rule in my written plan is:
"When you are sleepy, bored, frustrated, ecstatic, depressed or scared, do not open any new positions"

(closing positions is mostly automatic)

 

[themickey]

"When you are sleepy, bored, frustrated, ecstatic, depressed or scared, do not open any new positions"

Hmmmmmm that does it, I'm snookered,

 

[oshjdf]

Translating DOM trading into chart trading without any indicator including volume profile.

 

[charlotte_daily]

I bought a coin when it was at a 200% value increase, 12 hours later it went up 1300%

 

[Ethan.ishere]

Started letting my profits run some more, cutting my losses earlier and just taking it on the chin.

 

[SimpleMeLike]

There was a great "dumbest thing" thread that got alot of response.. so let's do the opposite...

What is the Smartest thing you ever did Trading.....


for me I have to say learning to exit trades.. either with a manageable loss or a profit. I had this nasty habit of just not getting out..

okay let's hear it..

Good Morning Jdesey,

Very good question.

I have not done nothing smart in trading yet, because my broker account is still less than $1 million.

I can only respond when I make $1 million in trading, then the smartest thing I done in trading was make $1million.

Until then, I am still working.

 

[SimpleMeLike]

Oh I would say not losing all my savings in trading. And paper trading for years was pretty smart idea.

Losing over $20K in trading is dumb.

 

[schizo]

The first rule in my written plan is:
"When you are sleepy, bored, frustrated, ecstatic, depressed or scared, do not open any new positions"

 

[taowave]

Did you make 1 mil in between posts #16 and #17??

Oh I would say not losing all my savings in trading. And paper trading for years was pretty smart idea.

Losing over $20K in trading is dumb.

 

[hilmy83]

There was a great "dumbest thing" thread that got alot of response.. so let's do the opposite...

What is the Smartest thing you ever did Trading.....


for me I have to say learning to exit trades.. either with a manageable loss or a profit. I had this nasty habit of just not getting out..

okay let's hear it..

The smartest thing was basically rewarding myself with something tangible that's meaningful from my first trading profit, so that it's ingrained in my head what trading is all about.