Tuesday, December 26, 2017

BEST TRADING HABITS

Best trading habits list created by STEVE BURNS
  1. Cutting losses short.
  2. Letting winners run.
  3. Following my trading rules.
  4. Following my trading plan.
  5. Planning.
  6. Preparation.
  7. Being patient.
  8. Being disciplined.
  9. An exit strategy for taking profits.
  10. Taking my entry and exit signals.
  11. Stop trading when daily loss limit is met.
  12. Being consistent.
  13. Keeping a trading journal.
  14. Don’t watch CNBC for trading ideas.
  15. Focusing on the process not the outcome.
  16. Learning to code.
  17. Setting trade alerts.
  18. Proper position sizing based on stop loss and volatility.
  19. No mind, no ego, attention without thought to the price measurement confluences.
  20. Setting stop losses at entry.
  21. Trailing stop losses for winning trades.
  22. Looking for confluence of signals.
  23. Admitting when a trade is wrong.
  24. Keeping your ego out of your trading.
  25. Trading the trend not opinions or predictions.

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