10 tips on How to be good trader oh 10 tips on How to be good trader
#1 : Do not go contra if one could not pick up
#2 : No short term trading if too busy to monitor
#3 : Do take a pause/rest after certain bad trades. WHY? to reflect on your emotions
#4 : check if u done a trading plan. check your position sizing. check your EMOTION
#5 : Write in your trading journal. because ... you will do the SIMILAR mistakes next time(believe me, many said ... I wont, they lied)
#6 Time frame is EVERYTHING. If one could not understand time frame, one will NOT be able to know how long he/she going to exit
#7 : Risk adverse and Risk appetite ... do you understand yours enough to follow all those penny and short trades?
#8 Risk management : It is EVERYTHING in trading.
#9 i only trade stocks i m familiar with.
knowing is one thing, doing is another
CP Teh
talk is easy ... do it in real, using real money? that is something else
CP Teh
#10 : Discipline. Must do a trading plan. That is why it is difficult
CP Teh
#11 : refer to all the above
#12 : 3M ... method, management, mindset
CP Teh
while method is 20%, management is 30% ... mindset is 50%
Source: cpteh, he blog at: http://cpteh.blogspot.com/
1 comments:
What you have shared is very valuable and helpful. All the information you have shared gives me more insights on this. Thank you for sharing. Keep it up! Would like to see more updates from you soon.
Trading Courses