A Trader’s 10 Best Friends

1. Studying the markets to understand what works. $Study
2. You are comfortable with uncertainty. ????
3. Being optimistic about winning in the long term. #Winning
4. You manage risk very carefully on each trade. #RiskofRuin
5. Thinking in probabilities and asymmetrical trades. #RiskReward
6. Following your trading plan. #Discipline
7. Accepting losses. #StopLoss
8. Letting winners run. #TrendFollowing
   
9. A plan on exactly how you will trade. #TradingPlan
10. A robust trading system. #EDGE

A Trader’s 10 Worst Enemies

1. Scared to enter a trade.#Fear
2. Feeling the need to be right on every trade. #Pride
3. Entering a trade too late or taking profits too soon. #Impatience
4. Trading too big a position size. Not taking profits after a reversal.#Greed
5. Revenge trading. #Anger
6. Randomly entering and exiting trades with no plan or method.#Recklessness
7. Wanting to enter and exit perfectly on every trade. #Perfectionism
8. The market starts swinging wildly but you don’t change your position sizing or strategy. #Volatility
9. The trader’s method is to fight the price action. #Contrarian
10. The trader just will never admit when he is wrong. #Ego