Dr. Elder's ten points



The disciplined trader does the following:
1.Keeps accurate records
2.Demonstrates, with only minor and short losses, positive performance greater than 25% return per year;
3.Develops a unique trading plan based on his or her own personal techniques;
4.Never shares information or listens to advice from others;
5.Learns as much as possible about his or her chosen market;
6.Constantly grades his or her own adherence to a chosen trading plan;
7.Devotes as much time to the markets as possible every trading day;
8.Monitors the chosen markets every day even if he or she is not actively trading;
9.Learns new ideas to improve trading methods, but not before thoroughly testing them;
10.And finally, follows his or her set of rules as though life depended on them.

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