09/15/09 - Robert Prechter's Five Tips for How To Trade Successfully

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Home > Commentary > Elliott Wave International > 09/15/09 - Robert Prechter's Five Tips for How To Trade Successfully

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09/15/09 - Robert Prechter's Five Tips for How To Trade Successfully

Robert_Prechter_80x100

By Robert Prechter, CMT

Take it from the person who won the United States Trading Championship with profits of more than 440% in 1984 – there are five things that every successful trader needs to know how to do:

Have a method to trade.
Have the discipline to follow your method.
Get real trading experience, instead of only trading on paper.
Have the mental fortitude to accept the fact that losses are part of the game.
Have the mental fortitude to accept huge gains.

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