Trading Mom » computer screen http://tradingmom.com Stock trading in extreme conditions Thu, 17 Dec 2009 19:53:41 +0000 en hourly 1 DOW is at 3-month low. http://tradingmom.com/dow-is-at-3-month-low/ http://tradingmom.com/dow-is-at-3-month-low/#comments Sat, 21 Jun 2008 06:14:59 +0000 admin http://tradingmom.com/?p=15 Finally, my patience paid off. The Dow Jones Industrial Average fell today another few hundred points and I got out of DOG (at $65.30) and +VIXGD (at $4.20) just in time to pack our luggage for the trip.

Trading is not an easy thing. Even though I let myself to go away from the computer screen for hours, even days, I am always evaluating the probability of making / losing a lot of money. When volatility of my portfolio is high, I stick around my trading platform; when it is comfortably low, I let myself to concentrate on the previously neglected stuff.

In my opinion, there are just three rules to be a successful trader:

  1. Not being greedy.
  2. Thinking ahead.
  3. Keeping your words (have discipline).

I’ll elaborate on it after I come back from Europe.

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