YOU ALWAYS WANT TO BE ABLE TO COME
BACK AND PLAY THE NEXT DAY.
Never put yourself in the precarious position of losing more
money than you can afford. The worst feeling in the world is
wanting to trade and not being able to do so because the equity
in your account is too low and your brokerage firm will not allow
you to continue unless you submit more funds.
The most important rule is survival. If you don't survive, you can't keep on playing.
A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Tuesday, 5 January 2016
Monday, 4 January 2016
wondering
today you can, it's the first business day of the year, do it now
https://www.youtube.com/watch?v=Svi-efuZBR8
https://www.youtube.com/watch?v=Svi-efuZBR8
Sunday, 3 January 2016
Wednesday, 30 December 2015
"BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE."
BE YOURSELF. DON’T TRY TO BE SOMEONE
ELSE.
"In all of my years as a trader I never traded more than a 50 lot on
any individual trade. Sure, I would have liked to be able to trade
like colleagues in the pit who were regularly trading 100 or 200
lots per trade. However, I didn’t possess the emotional or
psychological skill set necessary to trade such big size. That’s OK.
I knew that my comfort zone was somewhere between 10 and
20 lots per trade. Typically, if I traded more than 20 lots, I would
“butcher” the trade. Emotionally I could not handle that size. The
trade would inevitably turn into a loser because I could not trade
with the same talent level that I possessed with a 10 lot."
Learn to accept your comfort zone as it relates to trade size. You are who you are.
Learn to accept your comfort zone as it relates to trade size. You are who you are.
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