Ten Trading Paradoxes

  1. The less I trade the more money I make.
  2. All my biggest profits were made on option contracts I bought not ones I sold.
  3. My number one job as a trader is to manage risks not make money.
  4. The best traders in history were the best risk managers not the best at entries and exits.
  5. The ability to admit you are wrong about a trade and get out is more important than being confident in a wining trade and staying in no matter what.
  6. Winning traders think like a casino losing traders think like gamblers.
  7. Opinions, projections, and predictions are worthless, trade the price action.
  8. At times fundamentals are good helpers to a trader but they are always terrible masters.
  9. Only date trading vehicles but marry your risk management and positive mind set.
  10. The smaller and more focused my watch list the better I trade what is on my watch list.
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