There are only three things that you need to become a successful trader: A viable methodology, a solid money & position management plan, and the proper mindset to follow it. That’s it. In this second part of this series, I’m going to lay out a very simple, yet robust, money & position management plan but first, I’m going to stay true to “Random Thoughts” and tell some amusing anecdotes.
To become a successful trader, first and foremost, you‘ll need A methodology. I realize that this is a bit of a “Captain Obvious” statement but you’d be surprised how many people just “wing it.” I’m not referring to novices trying to find their way by sampling methodologies. That’s understandable. I’m referring to the many
Are you going to be the great trader in 2017 that you were meant to be? Or, are you going to fall into your old habits? Keep these 17 Trading Resolutions and I can all but guarantee you a prosperous 2017.
"A wise trader knows what he knows and what he doesn't." He knows his methodology-both the good and especially the bad. He knows to be patient while waiting for setups and to be patient once he enters.