8 Minute Read

Weekly Wrap 9/5/14

September 5, 2014

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It’s 11:15 am EST as I write this.  And my week will be closing up at Noon EST.

In trading, it’s smart to set goals. Daily goals, weekly goals, monthly goals and overall portfolio goals.  When you hit them, don’t fight the tape. Take your profits and move on. Your daily routine can last for 30 minutes, 2-hours or all day. It’s up to you. The question is: what do you want your day to look like?

Some days I plan on sitting down and trading all day. Others, like today, I want to hit some goals and move on.  To each their own.  But remember, your trading business is YOURS not someone else’s.  Forming your own style and identity is very important for any trader. As you gain experience, try to identify what you do well and also when you are most comfortable and in the zone.

Confidence swells from being positive. I woke up this morning and KNEW I was going to have a great day.  Why? Because I believe in positive affirmation and I let that energy flow throughout the day. You should be excited to log into the markets during your routine. Develop techniques that protect and foster that confidence.

If you’re a new member to this site, look around and participate in the discussions in the club house.  Listen to our podcasts that we just posted this week and look forward to the Newsletter that we publish over the weekend.  The newsletter is available to Rookies, Pros and All-Stars.

Have a successful day!  And just for kicks, here’s some Yoda with a great life lesson.

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