How to Fail As a Trader in 10 Easy Steps

Sunday, May 13, 2007 | 09:09 AM

via Trader's Narrative comes this look at surefire ays to lose money as a trader:

How to Fail As a Trader in 10 Easy Steps

There is so much ink and pixels spilled on how to succeed in trading. So I thought, being a contrarian, I would zag instead of zig and outline how to fail as a trader. Without further ado, the 10 vital steps you must take in order to fail in trading:

1. Start out undercapitalized
2. Ignore risk management
3. Compare yourself to other traders, not yourself
4. Look for the right system
5. Don’t keep a journal
6. Be secretive
7. Be casual
8. Fill your charts with as many indicators as possible
9. Trade with your emotions
10. Be inconsistent

All the details for each bullet point are over at the Trader's Narrative site.

Great stuff!

Sunday, May 13, 2007 | 09:09 AM | Permalink | Comments (13) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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11. Extract MEW, place into trading account, and attempt to make enough monthly to pay your ARM reset.

Posted by: Winston Munn | May 13, 2007 9:28:29 AM

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