Saturday, February 9, 2013

General thoughts

1. Trade what you see not what you think. Don't get locked into an opinion about direction. You could be wrong just as easily as right.
2. Build a strong self image.
3. Review your trades and your goals.
4. Mistakes are valuable lessons, perhaps more important than winning trades. Make sure you learn from and don't repeat mistakes.
5. Have you looked at how your system stacks up in a trending (up and down) as well as a ranging market?
6. Learn to relax. Feel good about yourself.
7. Think clearly, got major problems in your life? If you do it's probably not a good time to trade.
8. Picture yourself as a successful trader.
9. You do not have to have trades generating hundreds of pips to make a great income.
10. Don't carry on making the same mistakes, if your system is not working stop trading real money and go back to the drawing board. Making the same mistakes is going to give you the same results and it isn't pretty.

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