Linda Bradford-Raschke is a world renowned trader. Her trading rules are: The key to success is in knowing yourself. Have a plan, follow the plan. Keep records. Don’t be afraid to buy high and sell low. Buy into bad news, sell into good news. Isolate yourself from the opinions of others. Use stops! Never cancel a stop. Avoid getting in and out too often. The difference between winners and losers isn’t so much native ability as discipline exercised in avoiding mistakes. The hardest thing is not prediction, but self-control. Expect and accept losses gracefully. Losses teach more than profits do. Don’t allow a winning trade to turn into a loser. Forget losses quickly and profits even quicker! Split your profits down the middle and never risk more than half again in the market. Don’t talk about your successes. Never volunteer advice. Dream big dreams (few people set goals too high). People become what they think about all day long. Don’t let ego get in the way of hard work. Trading is f...
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