IBD’s 10 Secrets to Success by Investor’s Business Daily

Here are the top 10 principles of trading made by IBD:

• How You Think Is Everything — Always Be Positive. Think success, not failure. Beware of a negative environment.
• Decide Upon Your True Dreams And Goals — Write down your specific goals and develop a plan to reach them.
• Take Action — Goals Are nothing without action. Don’t be afraid to get started. Just do it.
• Never Stop Learning — Go back to school or read books. Get training and acquire skills.
• Be Persistent And Work Hard — Success is a marathon, not a sprint. Never give up.
• Learn To Analyze Details — Get all the facts, all the input. Learn from your mistakes.
• Focus Your Time and Money — Don’t let other people or things distract you.
• Don’t Be Afraid To Innovate; Be Different — Following a herd is a sure way to mediocrity.
• Deal And Communicate With People Effectively — No person is an island. Learn to understand and motivate others.
• Be Honest And Dependable; Take Responsibility — Otherwise, Nos. 1–9 won’t matter.

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