In this series of thoughts we are trying to point out some things to keep traders in the trading game.
The suggestions are not major changes; they are little adjustments to keep you on track. When a trader
starts out with a plan, and follows some rules he will be way ahead in the long run.
The foundation a trading career is built upon can make a big difference in the final out come. One of
the worst things is for a trader to have a couple of lucky trades in the beginning and not really
understand what he did right or wrong. This will give a false sense of skill level and understanding of
the market. When this lucky streak happens before the knowledge is obtained bad habits form and with no
method of tracking improvement a trader soon loses money and confidence so he is done.
These thoughts were split up into smaller blocks to give the concepts a chance to sink in. Think about
where you are at in each of these areas. Determine if you really want to be a successful trader or just
have an expensive hobby. If you want to be successful at trading you will need to follow these guidelines
and be disciplines about staying on track. If you read and think about what is written and apply the
concepts until they are habits you are one step closer to becoming a successful trader.