Last week we mention 3 points.

1) Don’t focus on the money

2) Focus on being rather than getting

3) Trading is like a sport

Today, we talk about another 3 points

Ability to hold two or more conflicting thoughts at the same time

Trading is not black and white, rather more like shades of grey. You

must think in term of probabilities. The challenge is that sometimes

you need to execute a trade without full knowledge. You will need to

make an educated guess (still following closely to your trading rules

and money management) and let the market decide whether you are

right or wrong.

Do the hardest thing first, or do the easiest thing first

If you can tackle the hardest thing, it will give you the momentum

you need to finish the rest of the work. If you think that you cannot

overcome the hardest thing, tackle the easiest thing, it will also give you

the momentum you need to finish the hard work later.

Have a routine

Every successful sportsperson has a routine. With a routine, you psych

yourself and make sure you are ready for the next trade. I see this very

often when tennis players get ready to serve a ball. You should also

have a routine that you go through when you trade.

There are many other important pointers that will turn you from a getting by to a successful trader.

Get the book now at >> The Systematic Trader and you will be on your journey to become a successful trader.

The post Secrets Of Successful Trading (Part 2) appeared first on Singapore Stock Analysis | Opening Trading Account | Collin Seow.