Rebel Traders 063 : Do This, Don’t Do That…
Is your trading not quite firing on all cylinders? Did you zig when you should have zagged? Well, let's see what we can do about that...
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Today is a little strange for me. I am actually in California rather than at our HQ in Texas due to a family emergency.
It's been a rough few days and my head has not been in the game for trading. One of the worst things you can do with your trading is getting your personal emotions to influence your trades.
It's one of the core rules I have in my “Standard Operation Procedure” manual that is my trading plan.
Funnily enough, one of the things we talk about a lot is letting your trading aid your lifestyle and not letting your trading BE your lifestyle.
Well, that is certainly true today and I am extremely grateful for power and freedom trading the way we do has provided.
There are a lot of Do's and Don't that we use in our trading. So, at 6AM this morning, I recorded a special “On the road” episode with my partner in podcasting, Mr Phil Newton. In this episode, we outlined a few of the most important of these for you. Not only did we go into the “What” we also went into the “Why” these are important.
So, sit back, take notes as we share a few very important ways that you can use these to improve your trading.
3 Key Takeaways From This Show
- Timeframe is important. You can have different views on the same stock when your trading timeframe shifts
- Consistency of application results in consistent output.
- Your trading should be a production line of positions working for you continuously
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