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Saturday, January 31, 2015

How do you start the day?






Do you have a daily check list?  So many traders want consistent profits.  Yet so many are NOT willing to commit to a written daily check list.  If you were your own pilot flying your own airplane, are you willing to take the risk of flying without going over your pre-flight check list?  Without going over a daily check list you are unknowingly taking on more risk.  Guess who wins the day you are not prepared?  The market has an edge on you before you start.  If you fail to overcome the damage, you are marked to have a progressively more difficult tomorrow.  

Many a drawdown and/or eventual account blowup could be avoided just by reviewing your written daily check list.




© 1 Trader and jcspe85.blog.com, 2015.






3 comments:

Rajesh Anandakrishnan said...

Thank you for this blog and very useful.

Anonymous said...

Just wrote these out by hand, thank you.

Anonymous said...

Thanks for sharing your knowledge and insights!