Trading Resolutions: Part II

More trading resolutions from members of The Kirk Report:

• Boring is better.


• Selling too early is better than selling too late.


• Trust my instincts.


• Narrow my focus - eliminate all distractions.


• If wrong - admit it and move on.


• Trade fewer stocks.


• Don't buy stocks just because you think it's cheap.


• Learn to trust the signals of patient, well-resarched strategies.


• When all the indicators say buy, BUY! Don't hesitate!


• Learn to outperform the market while preserving capital.


• Play the devil's advocate on every trade.


• Be smart! Be nimble! Be quick!


• Customize my trading system to fit my personality.


• Keep meticulous records current and reevaluate every trade. Ask what went right; what went wrong; what did I learn for each trade.


• Find a trading niche.


• Stop repeating the same mistakes.


• Think less - just revert to being a trend following moron.


• Set reasonable goals.


• Be more consistent.


• Discipline, not emotion.


• Plan your work and work your plan.


• Diversify globally.


• Eat less. Exercise more. You are right - health is more important.


• Integrate a shock collar with my trading screen that would issue a jolt every minute once my stock fell below a pre-determined threshold thereby forcing me to take losses when I know I should take them.


• Don't get caught losing a decent profit trying to make a great profit.


• Work harder and smarter.


• No strategy works forever.


• Hang tight and give myself time to experience and learn. Don't rush ahead.


• Keep all trades on a tight leash.


• Never move a stop.


• Cut my losses, cut my losses, and cut my losses.


• Make every trade my best trade.

If you did not read yesterday's post, here is Part I.