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Strategies & Market Trends : The Best Day Trader Training

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To: Don Pueblo who wrote (9)	7/16/1998 7:35:00 AM
From: Cash	Read Replies (1) of 230

Human (Tastes Like Chicken), excellent advice I've done many of these things in my trading time, and unfortunately will probably do them again. A few more things: 1. Don't have an opinion. You don't decide where the market is going, the market does. More often than not, having a strong opinion has always cost me money. 2. Don't add to a bad position (you called it averaging down/up... I like this way of saying it... has more of a psychological impact... Throwing good money after bad. 3. Leave your problems at the door. If you aren't 100% focused, someone who is will take your money. 4. You don't HAVE to trade just because you're sitting in front of your system. If you don't feel the trade you're about to take meets all your criteria don't trade it! 5. If, as a new trader you're a 200 share trader, and a position goes against you, this is not the time to become a 1000 trader to get back up. If you're thinking that, this is the time to turn off the machine. There are many more which I'm sure others will post. Cash

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