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Practice patience and avoid impulsive decisions from "summary" of How I Made BIG Money Trading Stock Options by Carl Schoner
When it comes to trading stock options, it is essential to exercise patience and avoid making impulsive decisions. Patience is a virtue that can significantly impact your success in the stock market. It is crucial to wait for the right opportunity to present itself rather than jumping into trades without careful consideration. Impulsive decisions often lead to losses and missed opportunities that could have been avoided with a more patient approach. One of the keys to successful trading is to have a clear plan in place and stick to it. This involves setting specific criteria for entering and exiting trades, as well as establishing risk management strategies. By following a well-thought-out plan, you can avoid the urge to make rash decisions based on emotions or short-term market fluctuations. Another important aspec...
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