10 Things A Trader Needs to Give Up
Great advice Jeff. I have extracted the 10 points for the lazy (who shouldn't even be trading btw. 
)
Give up your need to be right.
Give up control.
Give up blaming “Them” for your losses.
Give up beating yourself up for losing trades.
Give up your own opinions.
Give up your inability to change your mind.
Give up your past trades.
Give up letting your trading define your self worth.
Give up on losing trades quickly when your stop is hit.
Give up on price targets let your winners run as far as they will go.
)Give up your need to be right.
Give up control.
Give up blaming “Them” for your losses.
Give up beating yourself up for losing trades.
Give up your own opinions.
Give up your inability to change your mind.
Give up your past trades.
Give up letting your trading define your self worth.
Give up on losing trades quickly when your stop is hit.
Give up on price targets let your winners run as far as they will go.
Thanks James. 
On the points below, people may find this blog post interesting:
http://www.betangel.com/blog_wp/2013/09 ... anagement/
Before anyone points out, I know Peter doesn't use an automated stop, but he's writing about the same basic principle, i.e. getting out of trades that go against you, and letting winners run.
Jeff
On the points below, people may find this blog post interesting:
http://www.betangel.com/blog_wp/2013/09 ... anagement/
Before anyone points out, I know Peter doesn't use an automated stop, but he's writing about the same basic principle, i.e. getting out of trades that go against you, and letting winners run.
Jeff
James1st wrote:
Give up on losing trades quickly when your stop is hit.
Give up on price targets let your winners run as far as they will go.