- Never allow a profit to become a loss. If a profitable trade turns into a losing position, then you have lost twice. Consider taking a portion of the trade as a profit, and if your long term opinion is favorable, then let the rest ride for the duration of the trade.
- Always start the day with your focus on good trade execution and not on big money. Money will take care of itself. A rational mindset trumps irrational behavior every minute of a day.
- Oversee each day carefully, but let a profitable week be your goal. Individual trades may go against you, but a week of stellar opportunities will await your mouse click. In other words, don’t gamble on a bad set up just to get even for the day.
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