Saturday, April 10, 2010

Trading Do's and Don'ts

Don't trade when you're angry, tired, depressed, distracted, or sick. And never ever trade when you're drunk (I just bought what?).

Don't trade based what on some talking head says on CNBC.

Don't trade what Cramer says just because he says so.

Never chase a trade.

Do let the market come to you.

Do have patience.

Do have goals, and make them realistic and reasonable.

Do keep meticulous records of your performance, every single day.

And most of all, do your homework. Every day.

Do good!

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