New Year Resolutions for Traders

Here are some hard-learned resolutions we made over the last decade in one high-intensity capsule

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  • I will not trade with the money I cannot afford to lose
  • I will not gamble. I will not trade 50–50 situations
  • I will only trade high probability trades
  • I will sit out and not take a trade if market is not clear
  • I will not take unplanned impulsive trades
  • I will not overtrade with too many positions
  • I will not buy OTM Options like lotteries
  • I will never gamble on events
  • I will never listen to tipsters
  • I will never trade when I am emotionally unstable
  • I will trade less frequently and take breaks
  • I will always always keep stop losses
  • I will invest time in learning
  • I will spend enough time planning and analyzing
  • I will cultivate discipline, patience, and aggression
  • There is a life outside. I won’t get addicted to trading

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