On your imaginary forces , work !
I am putting together some filtered ideas about trading. I know they help me so maybe they will also help someone else.
Will add more from time to time.
1)
Successful Trading is 40% risk control and 60% self control
2)
If you don't know who you are, the stockmarket is an expensive place to learn.
3)
The stockmarket is a place where you exchange money for risk.
4)
Nothing is as dangerous as an idea when you have only one idea.
5)
For what a man would like to be true, that he more readily believes.
6)
Insanity is doing the same thing time and again and expecting different results.
7)
If you have not the discipline to trade in a systematic manner then
you are doomed to sail the seas of Chaos (Markets) without success, and
to be wrecked on the reefs of your own personality.
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Those are the more important issues I think. Then there is the
actual process of trading.
1)
Most indicators are only only entry mechanisms. Once you're in
you are on your own.
2)
Try and become expert in one feature of market action.
3)
If the market moves against you, get out. The first cut is the cheapest.
4)
FTSE like to fill its gaps.
5)
The longest run of days for FTSE in recent times all in the same
direction was 13 days - all down -
6)
Sharp rises lead to sharp falls.
c'est tout finis
I am putting together some filtered ideas about trading. I know they help me so maybe they will also help someone else.
Will add more from time to time.
1)
Successful Trading is 40% risk control and 60% self control
2)
If you don't know who you are, the stockmarket is an expensive place to learn.
3)
The stockmarket is a place where you exchange money for risk.
4)
Nothing is as dangerous as an idea when you have only one idea.
5)
For what a man would like to be true, that he more readily believes.
6)
Insanity is doing the same thing time and again and expecting different results.
7)
If you have not the discipline to trade in a systematic manner then
you are doomed to sail the seas of Chaos (Markets) without success, and
to be wrecked on the reefs of your own personality.
-----------------------------------------------------------------------------------
Those are the more important issues I think. Then there is the
actual process of trading.
1)
Most indicators are only only entry mechanisms. Once you're in
you are on your own.
2)
Try and become expert in one feature of market action.
3)
If the market moves against you, get out. The first cut is the cheapest.
4)
FTSE like to fill its gaps.
5)
The longest run of days for FTSE in recent times all in the same
direction was 13 days - all down -
6)
Sharp rises lead to sharp falls.
c'est tout finis