Checklist to be Profitable trader

By | October 20, 2014
  • Capital flows from those who fight trends to those who follow them.
  • In the long term money flows to those who manage risk and are able to hold on to their profits from those who don’t manage risk.
  • Traders that persevere through the learning curve stick around long enough to make money from those that just trade with no understanding of what they are doing.
  • Robust systems take money from traders with no edge over the markets.
  • Traders that trade price action take money from those that trade opinions.
  • Traders that enter a trade based on a reversal signal make money form those that stubbornly hold on to a losing trade and hope.
  • Money flows to those who let winners run from those that hold losing trades and hope.
  • Capital flows from those that trade a winning methodology from those that trade on emotions.
  • Those with big egos pay a price to try to prove they are right by holding a losing trade those that admit they are wrong quickly keep hard earned profits.
  • Money flows from those who do not know how to trade to those who do.

One thought on “Checklist to be Profitable trader

  1. Haresh BARAIYA

    Really very practical and 100% true article for becoming practical and professional profitable trader
    Thank you very much for this article

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