How professional trade
Professional traders cut their losses if their trade goes against them and their stop gets hit. This shows that they don't trade with any emotions which makes them a good disciplined trader.
They let their winners run until the stock gives clear signs to exit and they have a reason for being in the trade
They will ALWAYS respect their plan and already have the plan made before getting in the trade.
No one is perfect in trading because its a probabilities game and nothing is guaranteed, but professionals always try to improve by analyzing their winners and losing and see what they did right or wrong. A trading journal can help with this and they learn from their past.
They never get their emotions involved with their plan they are aware that anything can happen before buying the stock no matter how perfect the setup might look
They plan everything before going in to a trade and they plan the day before so they go in to the market ready. Professionals do not wake up 5 minutes before market open and expect to make a million dollars

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More from @IbdThreads

4 Jul
Things I learned from Volume Price Analysis - Anna Couling
Volume should represent the spread of the candle if the volume is huge but the spread is little that is usually a sign of reversal Image
Volume with candle stick patterns confirms reversal ImageImage
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4 Jul
Things that smart traders do
They always take action when they a A+ setup that they like. They never try to force trades and usually let the setup come to them. They will ALWAYS have a plan before taking action.
They will always take responsibility for their trades and they understand that anything can happen so no matter how good the setup looks they are cautious and accept losses. They always learn from their mistakes.
Read 5 tweets

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