Checklist for Success..No.3

Discussion in 'Psychology' started by zmostatabi, Dec 1, 2005.

  1. 3. I prepare my plan before the trading day starts.
    If you don't have a plan of action once the trading bell rings, you are moving from the proactive mentality into a reactive approach. I contend that the more reactive you become, the more you will get in late to market moves and dramatically diminish your reward-to-risk ratio. I prepare after the close for the next day's trading, seeking to stay proactive and a step ahead of the rest of the crowd.
  2. money.

    about the proactive part espically.

    You need to know what needs to happen.