Chapter 24: Habits determine your success

In this chapter, you will learn that:

• Good traders are made, not born. They follow distinct behaviour patterns that increase their probability for success.

• The development of good habits provides a framework for your trading activities and can help you to persist, even when the going gets tough.

• The main habits to cultivate are:

• trading with the trend

• setting stop losses

• utilising a written trading plan

• developing money management skills

• remaining detached

• using an appropriate instrument

• persisting in the face of adversity

• standing on your own two feet.

People sometimes ask me if they can watch me work. I always decline because they’d shrivel up with boredom. I work in rushes. ...

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