Major indices finish lower amid GE earnings disappointment >>> READ MORE

5 Unsung Trading Rules to Live By

You might not hear about them that often, but they still matter

      View All  

#3: Short Time Span from Idea to Execution

Just because you thought of a great idea — or worse, heard about one on TV — doesn’t mean it’s going to work right now.

Looking back, some of my worst trades occurred when I thought of an idea, became too excited about it, and put it to work right away. This is almost always a sign that greed has replaced critical thinking.

It’s better to miss a trade due to slowness now and again rather than taking hits through undisciplined entry points.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC