GOOD TRADERS HABITS

1. Plan your trades.

2. Trade your plan.

3. Keep records of your trading results.

4. Keep a positive attitude, no matter how much you lose.

5. Don’t take the market home. Continually set higher trading goals.

6. Successful traders buy into bad news and sell into good news.

7. Successful traders are not afraid to buy high and sell low.

8. Successful traders have a well-scheduled planned time for studying the markets.

10. Continually strive for patience, perseverance, determination, and rational action. 11 Limit your losses – use stops! 12 Never cancel a stop loss order after you have placed it! 13 Place the stop at the time you make your trade. 14 Never get into the market because you are anxious because of waiting. 15 Losses make the trader studious – not profits. Take advantage of every loss to improve your knowledge of market action. 16 The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success. 17 Always discipline yourself by following a pre-determined set of rules