A GOOD Trader WILL:
1. Always wait for the setup: No Setup-NO Trade.
2. Knows that winning trades work almost right away.
3. Never takes a big loss. Sell it and start over.
4. Takes small loses regularly. Winners will come.
5. Lets the stock keep working until it does NOT!
6. Is eager to sell a loser, NOT a winner!
7. Buys pullbacks/patterns on the strongest stocks.
8. Will always trade small so he is not emotional.
9. Takes responsibility for his own trades.
Thursday, January 22, 2009
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