Now, let's move on to the second Trading Lesson, which discusses 5 of the 20 (6 thru 10) Survival Skills every trader must know.
(6) Focus on your executions. Remember, every execution is a trade. Money is valuable...don't leave it on the table.
(7) Model Yourself After Successful and Experiences Traders. You will be all you can be...but you need to start somewhere. That's where the Trading Concepts Lifetime Mentoring Program becomes invaluable to you as an e-mini (day) trader (or any type of trader for that matter).
(8) Be Teachable. Learn something new everyday (or at least every week). The 'Losing' and 'Winning' trades can teach you a whole lot.
(9) Remember that even the best of the best traders lose money. Learn to accept your losses and move on to the next trade. That's just part of the business - you will never win 100% of the time.
(10) Use relatively small share size...at least at the beginning. Large wins at the beginning generally means large exposure.
I hope you found this second trading lesson to be educational because I believe this one along with the many that are about to come your way can be instrumental in your trading success.
Get all 20 Survival Skills for Traders here
No comments:
Post a Comment