Category Archives for "Trading Discipline"

Ready, Fire, Aim? Having a Trading Plan is Essential.

No Trading Plan, No Success, It’s That Simple.   We go to school to gain knowledge, get a job, or start our own business. We learn what we need to know to be successful, but nothing in our past education or work experience provides the knowledge or psychological control necessary to become a successful trader […]

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Successful Day Traders Make Money Taking Losses

trader psychology

Successful¬†traders understand the importance of taking losses by minimizing¬† them. When a trade doesn’t follow through, I exit my position with as little damage as possible.¬† No ego here. Wrong is wrong! No trader makes money all the time, and the best traders in the world are successful because they know the importance of accepting […]

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