2008.12.02

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TheRumpledOne
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2008.12.02

Postby TheRumpledOne » Tue Dec 02, 2008 1:19 pm

The 25 Point Mantra Discipline for Day-Trading by Doug Zalesky


FREE EBOOK



THE MARKET PAYS YOU TO BE DISCIPLINED.

BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU.
BUT DO NOT CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.

ALWAYS LOWER YOUR TRADE SIZE WHEN YOU ARE TRADING POORLY.

NEVER TURN A WINNER INTO A LOSER.

YOUR BIGGEST LOSER CAN NOT EXCEED YOUR BIGGEST WINNER.

DEVELOP A METHODOLOGY AND STICK WITH IT. DO NOT CHANGE METHODOLOGIES FROM DAY TO DAY.

BE YOURSELF. DO NOT TRY TO BE SOMEONE ELSE.

YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY.

EARN THE RIGHT TO TRADE BIGGER.

GET OUT OF YOUR LOSERS. THE FIRST LOSS IS THE BEST LOSS.

DO NOT HOPE AND PRAY. IF YOU DO, YOU WILL LOSE.

DO NOT WORRY ABOUT NEWS. IT IS HISTORY.

DO NOT SPECULATE. IF YOU DO,YOU WILL LOSE.

LOVE TO LOSE MONEY.

IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT IS TIME TO EXIT.

NEVER TAKE A BIG LOSS. ONLY A BIG LOSS CAN HURT YOU.

MAKE A LITTLE BIT EVERYDAY.

DIG YOUR DITCHES. DO NOT FILL THEM IN.

HIT SINGLES NOT HOME RUNS.

CONSISTENCY BUILDS CONFIDENCE AND CONTROL.

LEARN TO SWEAT OUT (SCALE OUT) YOUR WINNERS.

MAKE THE SAME TYPE OF TRADES OVER AND OVER AGAIN. BE A BRICKLAYER.

DO NOT OVER-ANALYZE. DO NOT PROCRASTINATE. DO NOT HESITATE. IF YOU DO,YOU WILL LOSE.

ALL TRADERS ARE CREATED EQUAL IN THE EYES OF THE MARKET.

IT IS THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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