Trading Resolutions For 2009!

1. I resolve not enter a trade unless there is a valid set up.
2. I resolve to wait for the trigger bar to completely finish before I enter.
3. I resolve to be aware of a S/R points on my trade such as OR highs and lows, previous day’s close, Fib extensions, etc.
4. I resolve to monitor my trade closely, but not to fixate on it, thus missing other trading opportunities.
5. I resolve to scale out more into strength.
6. I resolve not to “scalp” as it gets me in trouble.
7. I resolve not to let a profitable trade turn into an unprofitable trade.
8. I resolve not to “revenge” trade.
9. I resolve not to take market actions personally.
10. I resolve to turn my computer off or trade extremely small once a days profit target is met.
11. I resolve not to watch CNBC or the market averages after 6:30 am.
12. I resolve not to watch my interday P&L, and focus on stock action.
13. I resolve not to come into the market day with a rigid opinion of where the market will go.
14. I resolve to monitor myself for signs that I am losing focus or patience with the market.
15. I resolve to simplify my trading, and eliminate “outside” influences.