Saturday, November 24, 2012

what i read today: Over Trading (24 nov 2012)

Here are a few suggestions to make sure you are trading proactively. First, develop a “playbook” of trading setups and ONLY make trades when a stock meets the criteria of this setup. Second, have detailed trading plans for each trade you are considering to avoid over trading this position once entered. Third, have a consistent review process that allows you to identify situations where you tend to over trade, as awareness is the first step in eliminating a negative habit.