Wednesday, August 22, 2012

What Pays?

Opinions do not pay.

Other people's strategies do not pay.

Fear does not pay.

Greed does not pay.

Taking 3rd rate trades because you are bored or impatient does not pay.

Anticipating a proper entry and entering early does not pay.

Waiting for your setup to emerge pays. 

Holding onto winners as long as the trend is still up pays.

Letting losers go immediately does not pay.  But it does pay in the long run.

Reviewing your trading system every day pays.

Being honest with yourself pays.
Taking responsibility pays.
Hard work pays.

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