Seven Habits of Ineffective Traders

  1. When people won’t do their own homework.
  2. When people can’t explain their reasoning for a trade.
  3. When people make things more complicated than they need to be.
  4. When people enter a trade for a good reason, then lose their nerve and exit too soon.
  5. When people hesitate, or follow others, and enter a trade too late.
  6. When people will not contemplate the real reasons for their failures.
  7. A defeatist attitude, especially in me.
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