Archive for May, 2010

5 Characteristics of Successful Traders…

By Admin On May 21, 2010 No Comments

option trade alertsDo you know what makes a successful trader?

Here are 5 Characteristics whih you should strive to have:

1) Successful traders are prepared. Having a clearly define trading plan is of utmost importance. Too many traders make it up as they go along.

You should have a written plan of what you want to buy and why, when you want to buy with clearly defined triggers, when you will take profits, and when to cut our losses.

The first set of rules which you develop are the easiest to follow.
We usually have trouble with the last one, which is when to cut our losses.

We plan everything! We leave nothing to chance! We have a regimented schedule, and we stick to the plan all the way through!

2) Successful Traders remain emotionally detatched. Once you enter a trade, are you willing

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