GBB

Having trading troubles, then you may need a little GBB!

Get Back to Basics…

1. CUT YOUR POSITION SIZE DOWN–Trading with the same amount of shares while you are losing money is a disaster waiting to happen. Reduce size until you start winning.

2. BE PATIENT–Wait for your perfect set-up. It is important not to over-trade. One must know the set up they are looking for. Many times waiting is the best position to take.

3. REVIEW your bad trades–it is one of the best tools to actually see what you are doing and learn what NOT to do.

4. REVIEW RULES–Always helpful to read over and reevaluate your trading rules. Keep them near you while trading, review often. It is one place where a cheat sheet is advisable.

5. VISUALIZE–Visualize a good trade. From seeing the perfect setup to executing the trade to exiting the trade. Know what it looks like.

6. MAKE ONE GOOD TRADE- This is all it takes and then build on it. Repeat what is working.

7. TAKE A DAY OFF –Clear your head and get perspective. It’s ok to skip a day of trading. It is the only way you guarantee yourself a NON losing day.

8. KEEP PROFITS–If you are up on the day, set a tighter stop loss to keep your profits, do not let a winning day turn into a losing day.

9.PREPARE– Preparation is Key for success!

Remember the most important part of your trading is you the “Trader”