YOU MUST HAVE WINNING ATTITUDES
Confidence: Trust or faith. A feeling of assurance. The state or quality of being certain.
This is a needed quality to become a successful trader. Confidence in what you are doing. Confidence in the system you are trading. Confidence in your trades.
Determination: The act of making or arriving at a decision. Firmness of purpose. A fixed intention.
You must have the intensity to do whatever it takes to become a good, or better yet, a great trader. This includes constant studying, practicing, and applying proven trading concepts.
Goals: To have an objective or intention.
Before you begin to trade YOU MUST have your goals set in stone, written out, and placed near your computer or taped to your monitor.
Money Management: This is another HUGE key of becoming a successful trader. LET THERE BE NO MISTAKE – IT IS A MUST FOR LONG TERM TRADING. Money management is vital to your success. If you risk more than you can afford to lose, you will feel uneasy. When you aren’t at ease, it’s difficult to control your emotions, so when you face a loss, you are especially vulnerable and unable to regain composure. By controlling risk and having a solid money management system in place, you’ll feel that you are in control. Don’t let emotions control you.
ONLY TRADE WITH MONEY YOU CAN AFFORD TO LOSE!!! NEVER EVER TRADE OVER 2% OF YOUR ACCOUNT BALANCE!!! Remember, you are here for the long term. This is a marathon, not a sprint.
for more info, you can email him at steve@mydu.org
tq Steve!
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