New Year Resolutions for Traders

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 go against the trend

• 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 2021!

Team Sensibull