Updated at 12:02/1st Jan’10
My New year resolutions of 2010
1. Earn more money. Money money. To support family and life.
2. Of course a good career is neccessary.
3. Without the most important aspect of life — health, point 1 and 2 is useless.
4. Above all, spiritually blessed by God.
5. Lead a simple life. Be contended.
6. More time with family spending quality time with parents, wife and brining up
children.
7. More time with good friends and relatives. Socialize.
8. Have extra spare cash. Be charitable.
9. Have a passive income to be financially independent
10. Be a charisma person.
My New Year’s resolutions for Trading
Trade less. Exercise more patience.
Be patient, buy right and buy big.
Be sure, be not afraid.
Don’t sell out on fear at the bottom of corrections.
Only make pre-planned trades; do not chase the “stock of the day”
Learn everything I can from others who know far more than me. Try to apply what I have learned in a more consistent way. With more discipline.
Investigate before you invest.
Don’t fight the tape.
I am paid to wait for the best opportunities.
Work harder, trade less, research more, be patient.
Keep your feet on the ground and expections reasonable.
Sell when all the news too good and buy when all the news too bad.
Stop listening to experts.
The market will always be there and so will good opportunities.
Plan the trade and stick to the trading plan.
Keep educating yourself. It never stops.
You do not have to be “in” the market all of the time.
Do more homework.
Devote more time.
To learn more from those that succeed.
Pick my trades more carefully.
Don’t let one or two day counter-trends influence decisions that were made with a medium term goal.
Maintain focus and a positive mindset.
Let my trades go at the end of the day and enjoy life to its fullest.
Do not trade on emotion.
Be willing to be in cash.
Cut losses more quickly.
Observe my thinking/mind during the trading day.
Make a plan and follow the plan. Otherwise, do nothing.
Stick with one approach.