DO:
· Realize successful trading is more about emotional control
than some fancy technical indicator.
· Have core principles, a mission statement, you actually live
by in trading. Don't tell me you are trend follower and then
start day trading.
· Treat stock trading as a business. That's all it really is.
Leave the gambling and excitement to the "losers."
· Know that successful trading is about finding what works for
you.
· Know that all successful traders have very simple methods.
The hard work is having the discipline not to do the wrong
things.
· Come to the conclusion that there is no relationship to the
amount of watching your stock symbol during the day and the
profits you will make.
· Guard your-self from opinion.
· Ask your-self if you really want to invest in the stock
market or are you trying to escape some other "pain."
· Keep a balanced and happy life away from your business.
DO NOT:
· Fall for the B*S* where some guru promises to reveal his
"secrets for only $29."
· Watch the quote machine all day long. This only wastes
your time, adds to your frustration and serves no purpose
what-so-ever.
· Give in depth technical analysis the elbow. Talk about B*S.
Rather concentrate on money management and psychology of
trading than looking for some secret code.
· Waste your time on any of the forums. Gee, talk about Jerry
Springer on the Internet. You'll get dud advise. Talked out
of some of your best stocks and into some big losing ones.
And you'll be "lying down with dogs."
· Fall for the razz matazz guru seminars. All smoke and mirrors.
And at $2,000+
· Suffer from information overload. Everyone has an opinion
about where the market is going and what stock is going to
be hot... blah,blah... WHO CARES? You shouldn't.
· Get frustrated with the stock market. It is merely a
reflection of mass human emotion.
· Do what almost everyone else does. Simply do the opposite to
what the masses do and you'll come out well ahead.
· Give up. Many people make successful businesses in the stock
market. And will continue to do so. Simply learn what really
works and stick at it.
Copyright, August 2004, Mark Crisp
The Momentum Stock Trader
Successful Stock Trading Shouldn't Take More Than
10 Minutes a Day. http://www.stressfreetrading.com
