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Tips For Successful Trading 3

 

30. If you are looking for market secrets you will probably only find things that no one really cares about. It is always better to use the tools given to you. This will be covered in the next section.

31. Don’t ask for other people’s opinion, you never know, they might be less experienced than you are.

32. When the market is going upwards, you should say it aloud. When the market is going downwards, you must say it aloud too. The reason for this is that you’d be surprised at how difficult it is to say what is actually going on in front of you when your mind is full of preconceived ideas.

33. You will need a lot of flexibility for successful day trading. You will also have to do your homework so that you can understand the full potential for both sides of the market. This will allow you to execute your trades based on what the market’s position is at the time of the trade.

34. This is a quote which you might like to bear in mind: “When you wake up, your instincts are wrong.”

35. When you make a disciplinary mistake, talk about it to someone who will listen. Any discipline mistakes are difficult to do away with. Being more strict with yourself could eventually make mistakes of this kind less frequent.

36. If reading this list made you fret a bit, then you share the following characteristics with many other traders.

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