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Reflecting on 12 years of Trading - Do's and Dont's

By Daveatt
Hello traders,

Feeling a bit emotional today while writing this piece of content.
From my trading journal I kept updated for more than a decade... I want to share what differentiate a profitable trader from the crowd (losing money)

In trading, you are guaranteed to lose your time and money if one:

  • can't sit on his/her hands when there is nothing juicy to trade

  • plan trades he/she never execute and execute trades he/she never planned

  • let emotions from the last trade(s) affecting his/her next trade(s)

  • can't understand markets can remain illogical longer than he/she can remain solvent

  • end your trading day with his/her last trade... it must end when one has journalled them all and learned lessons

  • bury his/her head in the sand instead of studying the mistakes made

  • wants to forget previous mistakes... you have to remember them...writing them down on a post-it and having them staring at you whenever you take a trade.
    Great process to remind to not repeat the same mistakes.

  • doesn't add onto winners because doesn't know how to identify strong momentum... instead take profit too early

  • is confident when he/she should be fearful and vice-versa

  • treats trading like an entertainment and not a job



Feel free to read my numerous other educational FREE content from my profile page

Thank for reading
Dave
Beyond Technical AnalysisRisk ManagementTrading Plan
Daveatt
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