Now, let's move on to the last 5 Trader Survival Skills (16 thru 20) every trader must truly know and understand:
(16) Exercise Patience. Do not force trades when there are none.
(17) Exercise Diligence. Do your homework and preparation before each and every trade. Be willing to let time do its work. Hard work is required in this business.
(18) Anticipate, identify and take full advantage of momentum in the market. (for example, the 'Extreme Upside & Downside Running Patterns' as taught in this Course).
(19) Always select realistic entry and exit points and write them down. This goes hand in hand with doing your homework and preparation before each and every trade.
(20) Maintain a list of your current open trades, monitor them closely, and try to limit the amount of open trades you have on at one time. You really need to focus in on one market, and once you master it, then you can move on to trading other markets if you so desire. The E-Mini's have all the qualities in it in order for you to make as much as you want - as long as you master it - and that's what I'll help you do thru my Lifetime Mentoring Program.
I hope you've enjoyed and learned a lot from these five - not to mention the last 15 Trader Survival Skills that you've received over the last few weeks. And please remember, there is many more useful and valuable trading information coming your way in the following weeks, so please be on the lookout for them.
Get all 20 Survival Skills for Traders here
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