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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 |
