- Be a bull primarily in an equity bull market by buying dips.
- Be a bear primarily in an equity bear market by shorting strength.
- Keep your watch list limited to what you actually know how to trade based on research.
- Trade position sizes big enough to make a win manner but small enough to keep emotions in check.
- Admit when you are wrong quickly but let a winner run as far as it will go inside your own time frame.
- Trade with a trading plan not your ego.
- Quit thinking the future already exists and you can predict it, trade the present moment price action.
- Focus on making money not being right.
- Don’t start trading until your account is big enough to handle the commissions as a small percentage of expense.
- In winning streaks you can be more aggressive but control risk tightly, in losing streaks trade smaller and smaller until your winning streak starts again.