5 Unsung Trading Rules to Live By

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

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#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, http://investorplace.com/2013/01/5-unsung-trading-rules-to-live-by/.

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