OK, It's the final Friday of the year, and I thought what
better time than to reflect on this past year, and to look
forward and embrace the new trading year.
There's no doubt about it, 2007 was a great year for trading
with so many opportunities to make money. Take a look at out
Q3 results here and here (Q4 looks even better). We will release
those trading result in early January, so stay tuned to this
blog, for what should be another great quarter.
The new year is a time when traders get a fresh start and
get to set some personal and financial goals. Now I am not
going to write about wanting to grow taller, grow more hair,
lose weight, be a better person. No, I will leave that to any
one of the thousands of website and blogs that do that sort
of thing. No, this is about making traders resolution that
make money. It is not good enough to make a resolution
saying:
DON"T LOSE MONEY
DON"T LOSE MONEY
DON"T LOSE MONEY
But, how realistic a resolution is that? It's not even close
to being realistic. In trading in any year you are going to
have losing trades. I know you probably think its a negative
to talk about losing trades, but I say turn it into a
positive by accepting and embracing the fact that you are
going to have trades that just don't work out the way you
expected. That is why we use stops and use money management
techniques to make it a positive by being in control of our
trading.
Here are my top 10 traders resolutions that if you start out
the new year without them you are going to see your nest egg
get smaller and smaller in 2008.
We like what Will Rogers, the humorist and sometime
columnist for The New York Times, advised on trading:
''Don't gamble. Take all your savings and buy some good
stock and hold it till it goes up. If it don't go up, don't
buy it.''
Ah, if only we could all be like Will, what a perfect world
it would be. Reality check here. Watch my video as it is
designed to help you make and keep your resolutions and your
money.
EXTRA, EXTRA, EXTRA, read all about it. Only in this case
you can see and hear what all the hullabaloo is all about.
I have just finished the first four videos in my 90 second
trading series. I invite you to watch them as they will
definitely help your trading in 2008. There is no
registration required.
So in just six minutes you can master some of the most
important trading ideas your ever going to see online for
free. These trading ideas that I personally use work, and
they can work for you in '08. So get serious, make your new
years resolutions today, and have your best trading year ever
in 2008.
Every success in 2008
Adam Hewison
