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Wednesday, October 12, 2011

A Powerful Job Description - What Do Traders DO?

NOTE: Taken From the Book "TRADING FOR DUMMIES"....

Here is Our Cheklist to know if we are doing our job!!
  • Do YOU have a Plan?
  • Do YOU have clear strategies?  (List them!)
  • Do the strategies give you a consistent EDGE?
  • Do you have a system to SPOT "SCAN" for trading opportunities?
  • Are you patiently waiting for your entries? Strategies?
Finally but also very important:  Are you taking the trades that your system dictates?  or are you just watching and thinking "Should have, Could have, would have"???