Posted by: joetradingplace | August 7, 2012

Thought of the day

Skills you need:

1. Learn to take a loss and move on

2. Flawless execution

3. Be adaptive to the market (flexibility)

4. Patience and Discipline

5. Ability to read Price action

6. Responsibility acceptance

7. Controlling your emotions

8. Being objective

Skills you DONT need:

1. Revenge trading

2. Greed, fear and hope

3. Averaging on your losers

4. Ego

5. Chasing the market

 

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