Monday, November 8, 2010

8th Nov 2010 – My attitude is the problem

It is my ATTITUDE that stop me from being a SUCCESS trader!!! It is time to change.

 

I am not a trader before I got all these:

 

Item

Attitude

1

DON'T COMPARE

-- Don't compare your performance with your peers.

-- You are fighting with the whole world. If you want to compare, it will be endless.

2

OPPORTUNITY

-- Somehow, sometimes we still miss the opportunity even though it is obvious.

-- Learn to SEE  opportunity and learn how to CATCH them right on time.

-- As long as there is market, there is opportunity, either long or short.

3

FACE THE FACT

-- As a trader, you have to face the reality when you made a mistake.

4

PATIENCE

-- Learn to wait for the prey to come to your attack line.

5

PAIN THRESHOLD

-- Know your pain threshold level before entry.

-- Adjust line of attack with pain threshold line for maximum safety.

6

SERIOUS BUSINESS

-- You are here for business, not fun or excitement.

7

SLIM APPETITE

-- Don’t chew what you cannot swallow.

-- Too many tickers will bury you alive.

8

TREND IS YOUR FRIEND

-- Follow what the trend tells you.

9

NO CRYSTAL BALL

-- Don't predict pivot point.

-- See --> Confirmed --> Act

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