1) Begin each investment with the end in mind (have a game plan)
2) Always maintain a “P.M.A.” (Positive Mental Attitude)
3) Avoid falling in love with investments and positions
4) Only invest when you have an “EDGE”
5) The market does not know your position or how much you are up or down
6) Manage Your Risk: H + W + P = E
(Hoping + Wishing + Praying = Exit the Trade)
7) Play the game “One Trade at a Time”
(The most important investment is the one you have right now - not the one you had in the past or the one you want to do in the future)
Dr Doug
Tags: cnbc, dr.doug, investing smarter, investment rules, investments, trading, Trading Psychology, trading rules
