October 14, 2010

Preparation



There’s only one way to trade at the end of the day, not for recreation or thrill seeking, but with the business intent of running a successful business.

* Passion to participate in highly competitive environment, with uneven playing field
* Adequacy of capital
* Information gathering (technical)
* Market analysis (markets, sectors, stocks)
* Development of strategies (the edge)
* Cost control (trading costs)
* Ability to employ strategies that match risk tolerance
* Day-to-day preparation
* Trade entry, monitoring, and exit with discipline
* Monitoring progress
* Ongoing professional education and learning

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