Saturday, December 31, 2005

A Few Rules to Trade by in 2006

  1. Concentrate on fewer, more profitable trades per day.
  2. Document my favourite trade setups.
  3. Develop a multi-level watchlist (day, swing and position levels) and put more money to work.
  4. Plan the trade and trade the plan as opposed to taking my profit too soon.
  5. Enhance stops - a. don't forget the stop; and, b. make sure it is set at a strategic level.

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