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Key To Success

  #1 (permalink)
 
George's Avatar
 George 
Sweden
 
Experience: Master
Platform: TT, NT, MetaTrader
Broker: Velocity Futures, MB Trading
Trading: EUR/USD
Posts: 401 since Jun 2009
Thanks Given: 1,005
Thanks Received: 1,326

"Is to know when to trade"!


And by that I mean that you ought to have learned to know yourself that well, in order to know when it fits you to trade or not to trade.

Why is it that people do more rational things in real life then when they trade?
For i.e. would you ever go out for a run if you don't feel good?
Would you drink water if you weren't thirsty?
Would you cross a highway by foot?
Would you etc., etc...

All those things makes sense right? And they both feel and sound, and tastes, and looks like they're inappropriate.

So ask yourself, how come that common sense doesn't count in trading!


Remember the Holy Grail lies within you! Don't waste your time here on this planet by doing everything that lies in your power to make tomorrow look like yesterday!

/George

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Psychology and Money Management
 
  #2 (permalink)
fskidd
Auckland
 
Posts: 5 since Dec 2009
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Truely agree. Trading's biggest enemy is yourself. My understandings about trading are: 1. Get rich slowly 2. Flawless Execution 3. Correct Risk Management
These are my rules when I am trading

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Last Updated on December 27, 2009


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