Continue reading...A brief look at three important principles that no trader should overlook, if they intend to be successful.
It is a given that traders cannot win 100 percent of the time, because with reward comes risk, and losses are as much a fact of life as taxes and death. But there are highly valuable lessons to be learned about the trading process that go far beyond the dollar signs. How traders put reliable steps in place to ensure that their performance may be enhanced on the road to success is critical. For most success is dependent not only on what is done correctly but also on what potentially havoc-wreaking mistakes can be avoided and/or corrected.
There are three principles that can aid in anticipating and possibly avoiding mistakes, they are;
1. Probability 2. Self Discipline 3. Responsibility
These are simple enough to write about, but harder to carry out.
Probability; Trading is all about probabilities and while every trader encounters a losing streak or draw down...
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