Latest Posts

rss

Be patient

  
  Education
#  #  #  #  #  #  #

Be patient. If a trade is missed, wait for a correction to occur before putting the trade on.

Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.

Be patient. The old adage that “you never go broke taking a profit” is maybe the most worthless piece of advice ever given. Taking small profits is the surest way to ultimate loss I can think of, for small profits are never allowed to develop into enormous profits. The real money in trading is made from the one, two or three large trades that develop each year. You must develop the ability to patiently stay with winning trades to allow them to develop into that sort of trade.

Be patient. Once a trade is put on, give it time to work; give it time to insulate itself from random noise; give it time for others to see the merit of what you saw earlier than they.

10 Trading Skills-Must For Traders

  
  Education
#  #  #

  1. Admitting that you are wrong the moment price action tells you that you are and getting out of a bad trade.

  2. Being patient and waiting for your entry signal and the patience to let a winning trade go as far aw it wants to before you exit.
  3. The discipline to trade the same regardless of how you feel at the moment.
  4. Following a trading plan instead of your ego.
  5. Trading in the direction of the trend in your time frame.
  6. The work ethic to do the homework on what works in trading before you put any money at risk.
  7. The passion to love the game enough to do what you have to do to break through to success.
  8. To accept your financial losses as tuition and the price of doing business not a blow to your abilities as a trader.
  9. Listen to those that are far more advanced as traders than you are.

  10. The perseverance to keep trading until you are successful at it not when you just want to quit.

Go to top