Summary Of Trading Psychology and Risk Management
1. No one can predict what the market is going to be tomorrow
2. All systems have drawdown
3. You must be clear in your trading plan
4. Focus on the task
5. Plan for losses
6. Be an independent thinker
7. Plan the trade and trade the plan
8. Manage your risk well
9. Understand your psychology profile
10. Keep your risk small at all times
11. Trade less after series of losses
12. Know your exit
Always Take Care Of Your Down Side And Let The Profit Runs. When Everyone Is Selling, Do Your Due Diligent And Be Prepare To Buy. When You Feel Good & Everyone Is Buying, Tighten Your Profit Protection For A Rocky Ride and Be Prepared To Sell
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