- Look at your trading as a series of probabilities, don’t focus on any single profit or loss.
- Want what the market wants.
- Do your homework. Come prepared to each day’s trading.
- Never take a trade on the open in the direction of a that day’s gap.
- Don’t risk too much of your trading capital on any single idea.
- Remain flexible.
- Believe what you see. If the market’s going up or down, it’s going up or down.
- Anything can happen. The wildness lies in wait.
- Verify your trading methods or systems.
- Caveat emptor (“Let the buyer beware.”) when buying a trading system or hiring a mentor.
- Your own personal psychology will express itself regardless of your chosen method.
- An opinion isn’t worth much, your own or someone else’s.
- Watch how the markets react to the news.
- Learn from your mistakes.
- Stay in the now. Don’t trade yesterday, today. Don’t trade tomorrow, today.
- Don’t worry about a missed opportunity. Another one is on the way. Besides there were several that just passed of which you were totally unaware.
- If you don’t risk, you can’t make money. If you lose all your trading capital, you can’t trade. Find balance.
- Markets don’t go in a single direction. The trend will wobble on it’s way to its destination.
- The trend is your friend. Unless you’re a counter trend trader, and then only it’s end is your friend.
- Tomorrow’s another day, a whole new trading opportunity. Be optimistic.
- Forgive yourself. Take the lesson, and move on.
Archives of “yesterday today” tag
rss
An Investment Poem
The newfound opportunity arises softly at first
Like pearl shaped dew drops on a tea leaf
Quite unexpected but fast entranced and immersed
Her presence over the former solitude brings relief
More precious than any amount of money or power
More beautiful than the most stunning of jewels
You cannot appreciate the sweet without the sour
The kind of perfect pattern that makes investors drool
Finding shares to short are most difficult to borrow
But who would bet against an investment with so much potential?
Elation is now the norm starting yesterday, today and tomorrow
The biggest challenge lay in exercising prudential
Potentially an addicted lost cause am I
An investor who has witnessed too many ups and downs
Is it possible to stay grounded or is my destiny the sky?
Disciplined I promise to be, carefully soaking in the sights and sounds
Because true greatness only comes around every so often
Where your hands can’t help but shake and you feel it in your gut
The time is now, the place is here — this is Zen
As nature intended, this squirrel has found his nut