Dear Trader,

How are you doing today? I hope you’re well and ready to today’s lesson. If you remember, yesterday, I talked to you about emotions and what you should do to avoid being overwhelmed by them.

In order to be a successful trader, you should only commit money you can afford to lose. This is a well-known expression but it must be taken very seriously. Also, protecting your capital should be a prime consideration.

If you’re trading with money that you need to live, then your emotions will take place and you won’t be able to make the best judgments about a stock or the overall market conditions.

A key strategy and habit is the ability to take losses comfortably. I’m sure you don’t like to lose. Me neither… But when we’re trading stocks, losses are inevitable. We just have to make then smaller and smaller… Planning is the key to facing and walking out of a loss and also the key factor that enables you to accept loss as a part of the game.

Another thing you can do in order to be a better stock trader is to deeply understand your own strategies since this will allow you to have better results.

The last thing you should do is to be a perfectionist. The stock market is no place for perfectionists. Instead, you must train yourself to be realistic. A perfectionist will always see a small loss as an overall failure; realistic traders understand that loss is just a part of the market. Instead of focusing on failure, you must focus on limiting your losses.

Tomorrow will be the final lesson. I’m going to end this Free Stock Market Mini Course with an indicator that will certainty help you determine the overall market conditions.

See you tomorrow,

Elliott Pearce www.SupraStocks.com

PO BOX 4120 Portland, Oregon 97208-4120