Wednesday, June 5, 2013

Sticking to a plan

A great trader is able to think clearly from start to finish, and while there may be some mild irritation (enduring pullbacks), minor impatience (if the position stagnates), or slight satisfaction (as the trade begins to work), they avoid letting those emotions drive their behavior. They truly do stick with their plan, making modifications to it not on a whim, but only when absolutely necessary. -

I also found this yesterday, posted by someone on twitter.  Its called the "Trader's creed", very similar to the Rifleman's creed in the Marines :) and I find it highly relevant and motivational.

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