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Friday, January 05, 2007

Trading Resolutions: Part III

Here is the last batch of trading resolutions from members of The Kirk Report:

  • Do more sector analysis.

  • Keep a better eye on things.

  • Win every month--doesn't have to be much, just not down.

  • Spend 30 minutes every day on my trading journal.

  • Develop an easy and steady temperament.

  • Stop comparing your performance to the indexes in the short-term.

  • Save, save, save and get ready to pounce when it drops.

  • Write down my trading plan.

  • Set aside a period of daily uninterruptible quality time to reflect and strategize.

  • I need to keep better records.

  • Don't make stupid trades following the hype.

  • Don't try to hit the home runs.

  • Keep reading but take everything with a grain of salt.

  • Get up earlier in the morning, exercise and relax more.

  • Get more serious and professional about my trading.

  • Remember what's important. And it has nothing to do with the stock market.

  • Sell and move on. Quit fretting about what I've left on the table.

  • Be more disciplined, more conservative, more evaluative, more prudent, more selective, more wise, more wealthier.

  • Spend more time planning for my family's future.

  • Don't make decisions by looking in the rear view mirror (old financials or priced in info).

  • Size positions at 2% level.

  • Buy stocks only in large corrections.

  • Become more self-reliant.

  • Having the courage to be not bothered by daily market fluctuations.

  • Play the game well and the goals will come.

  • Be quick to adapt to any market condition.

  • Take a simple idea, and take it seriously.

  • Incorporate a better exercise plan into my trading day.

  • Focus more on ETFs.

  • Trade what I see rather than what I think.

  • Get as much information available, then trust yourself.

  • Study more, save more, consume less.

  • Be better at gettin while the gettin is good.

  • Listen to myself...we are, after all, our best source.

  • Don't lose money.

If you missed the rest, see Part I & Part II

Posted by Kirk at 11:47 AM in Trading Tips | Bookmark | Feeds | Link |


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