Thursday, September 25, 2008

What Makes a Successful Day Trader

A successful day trader is someone who has a trading plan and follows the trading plan.

Your trading plan tells you when to enter a trade and why, and when to exit and why.

A successful trader understands the law of probability. They do not trade low probability set ups.

A successful trader knows how to control his emotions at given any time.

He/she is a good money-manager .He cut his losses and let his profits run.

He is open to new ideas .

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