Bad #trading habits that will kill your performance:
1) Change your system often
2) Extend your stop loss
3) Take profits too fast
4) Revenge trading
5) Overtrading
6) Take trading tips from unknown people
7) Wait for the perfect trade
8) No stock selection criteria
What else?
Stock trading tips:
1) Buy only when the overall market is in an uptrend
2) Focus on the strongest stocks
3) Avoid stocks that gapped more than 20% over the last 3 months
4) Ride your winners
5) Simple entry trigger—no need for complexity when you have nailed #1 to #4
Most great traders have these 10 similarities:
1. They love the game
2. They did their homework
3. Risk management
4. Discipline
5. Always learning
6. Specialization
7. Faith in their edge
8. Faith in their self to follow it
9. Consistency
10. Perseverance