7 hours ago
Saturday, October 31, 2009
Wednesday, October 28, 2009
Day Trading Starting Out
Day Trading Starting Out
1• Don’t Mixing up Apples and Oranges
2• Don’t’ Winning 7 trades and LOSING ALL Gains on the Next 3 trades
3• When PREMISES FAIL, EXIT TRADE
4• 70% Consistency = 7 out of 10 trades
5• Be BORED = APATHY = EMOTIONAL DETACHMENT
6• DON’T WORRY ABOUT MAKING MONEY
7• Pauses in your Trading. Putting oneself into a position where defeat is impossible.
8• Determine Your STYLE
9• Stops based on type of Trade and Premises
10• Expect to make mistakes
12• Volume is KEY
13• Those who can recognize PATTERNS and Keep an OPEN Mind Will Succeed Faster - The ability to ADAPT - The Ability to REACT - The Ability to Admit Defeat Cut Losses Fast
1• Don’t Mixing up Apples and Oranges
2• Don’t’ Winning 7 trades and LOSING ALL Gains on the Next 3 trades
3• When PREMISES FAIL, EXIT TRADE
4• 70% Consistency = 7 out of 10 trades
5• Be BORED = APATHY = EMOTIONAL DETACHMENT
6• DON’T WORRY ABOUT MAKING MONEY
7• Pauses in your Trading. Putting oneself into a position where defeat is impossible.
8• Determine Your STYLE
9• Stops based on type of Trade and Premises
10• Expect to make mistakes
12• Volume is KEY
13• Those who can recognize PATTERNS and Keep an OPEN Mind Will Succeed Faster - The ability to ADAPT - The Ability to REACT - The Ability to Admit Defeat Cut Losses Fast
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