It is the mission of the trader to become a financially successful long-term
trader. This can be achieved when the trader adopts and accepts The 10 Keys
of Successful Trading. The trader must commit to live by the three disciplines
that create the successful trader.
1. The trader must believe in The 10 Keys to Successful
Trading and merge them into his personality. His
success is dependent on creating a trading plan, and
maintaining the discipline to TRADE THE PLAN!
2. The trader must commit himself to continued education
and learn as much as he can about technical analysis and
the psychology of successful trading. He must use logic,
and not his emotions, in trading. The trader must learn to
trade in control, not out of control!
3. The trader must map out a sound plan of equity
management to insure a return on his investment. A
successful plan is to trade no more than 20% of a margin
account and risk no more than 5 to 10% of that account on
any single trade.
No comments:
Post a Comment