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.
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