Wednesday, December 3, 2008

Be calm, be patient, be strong

Have to be a better person in life in order to be a better trader.
  1. Be calm. Don't be emotional. Cool head wins in the long run.
  2. Be patient. Fast money is the worst way to make money, it makes you think you can achieve goal in one strike.
  3. Be strong, specially when your trade is against you.
  4. Be brave. When there are blood on wall street, it's time to be brave and go all in. But this happens rarely.
  5. Be reasonable and be flexible, don't be too narrowly focused and put everything in one basket.
  6. Be simple. If you can't explain why and have too many ideas, you really don't have any idea.

blog comments powered by Disqus