Tasks 7,8,9 out of 10

This is the third in a series of articles that started February 20, 2007 with the article entitled “Ten Things Successful Investors & Traders Do”.

7. Taking profits if applicable. This has to be pursuant to the Low Risk Idea you developed in Task #1.

8. Exiting a position with a loss if applicable. This has to be pursuant to the Low Risk Idea you developed in Task #1.

9. Debriefing. Ask yourself, “Did I follow my plan (from Task #1)? Do this daily if you day trade. If you trade less frequently than day traders, do this while you are stalking a trade and after each order entry (even if the order is not filled – you have an opportunity to correct any mistaken order if you do this debriefing).

continued tomorrow ...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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