New Year Resolutions for Traders
Here are some hard-learned resolutions we made over the last decade in one high-intensity capsule... I will always wait for the right trade I will not trade with the money I cannot afford to lose I will not gamble. I will not do 50–50 trades. I will trade only high probability trades I will sit out and not take a trade if market is not clear I will not take unplanned impulsive trades I will not overtrade with too many positions I will not buy OTM Options like lotteries I will never gamble on events I will never trade when I am emotionally unstable I will trade less frequently and take breaks I will always always keep stop losses I will invest time in learning, planning, and analyzing I will cultivate discipline, patience, and aggression There is a life outside. I won’t get addicted to trading If you enjoyed reading this, It is a wealth of small nuggets of trading wisdom. We wish you the very best of things in 2020! Team #MoneyArth.