Doing and Not Doing

Becoming consistently profitable as a trader has as much to do with learning to not do some things as much as it has to do with learning to do some other things.

Overcoming the negative behaviors can be made much easier by making a routine for doing the positive behaviors.

The more you test, you less you trade (this is good). The more you study risk control, the less you feel compelled to increase your trade size erratically. The more you keep records of your trades, the less arbitrary your decisions will become. The more you do your own homework and research, the less you will depend on someone else to tell you what to do. The more often you get up on time, eat what you should, keep your body healthy, the more likely it is that your mind will be clearer. It's the simple routines that matter in trading.

It's not too late for you to change your routine. What are you going to change?

Posted by Rob on March 30, 2007 08:30 AM | Permalink

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