Saturday
Jun092012
June 9, 2012 at 11:08 PM
S&P 500 Top Ten Trading Tips
- If you think training is expensive, wait until you see the tab for ignorance.
- Find a broker who is willing to invest both time and money towards your success.
- Write a business plan just as you would for any other business.
- Develop a written trading plan with the help of your mentor.
- Learn to identify and execute 3 high probability trade setups.
- Do not trade real money until you have proven your setups in the simulator.
- When you begin to trade real money start with only 1 contract.
- Never trade without a hard stop loss in place.
- Never increase your risk once you have entered a trade.
- Journal every trade and stay in constant contact with your broker and your mentor.
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