Observe & Trade*

Wednesday, January 4, 2023

1. Need to be capitalized

2. Concentrate on one niche - familiarize with few instrument

3. Be disciplined - trade when there is a highly probable outcome

1. Lack of discipline

2. Not trading rationale

3. Not exiting when the trade not acting well

4. Letting losses that makes account blow up to zero - for the nth time

5. Not learning a lesson - hard headead and bone head

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