How to Win at trading ... A - F

Discussion in 'Trading' started by SethArb, Sep 13, 2002.

  1. some thoughts from a successful week ...


    A : find a method that works for you

    B: keep losses and losing streaks small

    C: keep winners and winning streaks larger than losses

    C: take breaks when tired ...

    D: control emotions and keep trading size reasonable

    E: hedge when necc.

    F: Plot your progress each day and week to build up confidence.
     
  2. G: Keep repeating out loud while looking into a mirror:

    Every day...

    In each and every way...

    I am getting better and better....
     
  3. ANCHOR

    ANCHOR

    Why two C's???:D
     
  4. guess I was tired .... glad I stopped trading today

    last week I did not on friday and turned a profitable week
    into a losing one ...

    :(
     
  5. now how the heck are you going to keep losing streaks small? Losses, yes. And how do you make winning streaks long? Profits yes.

    Hedge? When neccessary? This one I gotta hear.

    So far the only one I have mastered is taking a break. I don't even wait for a losing streak or when I am tired. I take my best breaks when I am winning and well rested.
     
  6. bone

    bone ET Sponsor

    Hedge when necessary???? NEVER, EVER TURN A BAD SCALP INTO A SPREAD. Just get out and start over again. Recipe for disaster.
     
  7. F: Plot your progress each day and week to build up confidence.

    Suppose your progress is negative? What does this do for confidence?
     
  8. "F" is a big one. Use screen captures and print out your charts and look at your trades. You will learn a lot about your trading doing this. This has really helped me and have only been doing this for about 2 months.

     
  9. rs7

    rs7

    I think A and D are the key points.

    Get them right and all else falls into place. (I never plotted progress. I could always tell by my paychecks).

    Peace,
    :)Rs7
     
  10. BSAM

    BSAM

    Hey Op.....

    If John Lennon were still alive, he'd get you for plagiarism!!!:p

    BSAM
     
    #10     Sep 13, 2002