Here are some hard-learned resolutions we made over the last decade in one high-intensity capsule
I will always wait for the right trade
I will not trade with the money I cannot afford to lose
I will not gamble. I will not do 50–50 trades. I will trade only 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 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, planning, and analyzing
I will cultivate discipline, patience, and aggression
There is a life outside. I won’t get addicted to trading
If you enjoyed reading this, please check out the Trader’s Manifesto by Sensibull. It is a wealth of small nuggets of trading wisdom
We wish you the very best of things in 2020!
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10 thoughts on “New Year Resolutions for Traders”
🙂 Is experience only speaking or acting on it too?
Valuable lines sir
Hi, New Year Greetings for all of you. I am interested to know paid or free services you offer to traders, especially in options.
Thanks & Best Regards
Nice suggestion. Great
Hey Abid, Siddharth and all those whose collective wisdom appears on the Manifesto
Thanks for pointing me to the resolutions. Its a much need refresher to trading with discipline in 2020. You guys rock . All the very Best for the New Year
Please teach me basics of options trading
I first time read this article. It’s very useful to all the traders. Thanks a lot.
I will take printout of these golden rules .
And put infront of my wall and strictly follow.
I will Remembering these quotes always
Thank you !