There is no substitute for good old fashion experience. You know it’s true. Plus you wouldn’t want me to BS you would you? Trading Strategy

A favorite story about Picasso sums this idea up very well:
Picasso was sitting at a table outside a Paris cafe. A woman came up to him and asked him to draw something for her on a napkin. He complied, doodling as only he could. After he quickly finished he requested the French equivalent of $5,000. Agast the woman said — “but it only took you 2 minutes!” Smiling, the great man replied — “no Madam, it took me my whole life.”
There are always ways that you you can short cut things or hack them but for the most part. Just like Most things in life that are worth doing well it will require you to put in the Time.

10 Steps to Becoming a Better Trader

  1. Trade.
  2. Trade more.
  3. Trade even more.
  4. Trade even more than that.
  5. Trade when you don’t want to.
  6. Trade  when you do.
  7. Trade  when you have something to Trade.
  8. Trade when you don’t.
  9. Trade every day.
  10. Keep Trading.
Once you get your experience under your belt then. Then you can  start putting together a solid trading plan from everything that you learned. Now be sure to keep your trading rules as simple as possible. You will want a check list for each trade that you have in your trading plan. Here is a great book on the importance of using a check list. is called The Checklist Manifesto: How to Get Things Right It is worth spending a little extra time on on your trading checklist.

You want to make sure you trading checklist has the follow:

  • Entry Rules
  • Stop Loss Rules
  • Target Rules
  • Trading Stop Rules
  • Exit Rules
  • When Not to Trade Rules
Do you have a favorite Trading checklist tip to share? Cruise on down to the comment section and tell me all about it.