Observe & Trade*

Monday, November 28, 2022

1. Revenge trading - trying to get back losing trades

2. Irrational trading - not thinking well and not watching/controlling emotion

3. Not sticking to one strategy - not following trading guidelines

1. Trading is not about just 'trading'

2. It's about having a strategy

1. Have strategy

2. Trade only when there is opportunity

3. Keep focus

4. Cut losses

1. There is no opportunity in the world that trading the stock market offers - where ever you are

2. Not much amount of money/capital involved

3. No need to look for client to sell or ask for any kind of odd jobs, no advertising, no interview prep in case you are looking for a top notch job

4. The money is there for the taking at any given moment

5. No need to deal with anyone - annoying co-workers or superiors

6. Need to learn and study - takes time but if taken seriously - the benefit is for the long run

7. Find the niche - right market to trade (prefer micro futures, need only $200 to start)

Keep Trading and Oberving

1. Don't expect to trade whenever you turn on your computer

2. Always put stop loss - set stop at desired risk per trade

3. Observe the price movement - if the trade doesn't work at a certain time, get out, enter again if there is the potential move

4. Focus - keep focus when trading, don't do any activity, watch the trade like a hawk

5. Keep taking profit, don't lose the amount you're gaining

Keep Observing and Trading