Tag Archives: commodity

Components of a Successful Trading Plan

By | October 22, 2012

You must have a Mission Statement. What’s your real motivation behind your trading? You must spell out your trading/investing Goals and Objectives. You cannot get from A to B very easily unless you truly know where B is.   You must spell out your Trading/Investing Beliefs and Market Beliefs. Please remember this very important statement,… Read More »

Habits of Rich and Successful traders

By | September 21, 2012

Psychological Traits of the Rich Trader They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong. They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for. The… Read More »