Forum: Psychology and Money Management
November 2nd, 2009, 06:33 PM
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Replies: 27
Views: 11,499
I think this all adds up to the importance of...
I think this all adds up to the importance of keeping a trading journal. It gives you the benefit of putting hard numbers to the equation. And a journal will bring to light all the intangible...
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Forum: Psychology and Money Management
November 1st, 2009, 07:50 PM
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Replies: 27
Views: 11,499
Also understand how your trading style affects...
Also understand how your trading style affects risk. I'll use two examples to illustrate how risk changes over time.
#1] A person enters short with 1 contract thinking the market will move down a...
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Forum: Psychology and Money Management
October 9th, 2009, 03:44 PM
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Replies: 27
Views: 11,499
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Forum: Psychology and Money Management
October 5th, 2009, 11:55 AM
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Replies: 27
Views: 11,499
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Forum: Psychology and Money Management
October 4th, 2009, 05:19 PM
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Replies: 27
Views: 11,499
I'm in agreement with you Caprica and I should...
I'm in agreement with you Caprica and I should have worded my argument better. What I should have said is that 2 contracts can be less risky than 1, if managed properly. And 3 can be even better...
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Forum: Psychology and Money Management
October 4th, 2009, 03:19 PM
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Replies: 27
Views: 11,499
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Forum: Psychology and Money Management
October 3rd, 2009, 04:50 PM
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Replies: 27
Views: 11,499
More Contracts = Less Risk
I'm far from an expert trader, but I've learned a few things along the way . . .
1] Set aside your trading system and begin with money management. First, set a realistic goal (20 pips a day for...
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