Commentary: Ten Trading Resolutions for 2010

Here are some ideas for your New Year’s trading resolutions:

  1. I will complete a detailed trading plan which will become my “Bible for Trading”.
  2. I will read one trading book a month and outline the best ideas that it presents.
  3. I will seek out a trading partner who will be a person with whom I can share and exchange trading ideas and hold each other accountable for disciplined trading.
  4. I will build a watch list which shall be comprised of fundamentally, well diversified stocks.
  5. I will master the art and science of technical analysis.
  6. I will adhere to strict money management principals.
  7. I will master the Collar Trade.
  8. I will eliminate fear and greed from my trading.
  9. I will learn how to use the Greeks to manage my portfolio.
  10. I will mentor other traders and in doing so I will help others to become successful in the Stock Market.

This list should give you a good head start on becoming more disciplined in your approach to trading.  If you make a concerted effort to improve your processes, you will improve as a trader.  Best, Robin

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