yiehom
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hi!
I'am french living and trading in France. English langage isn't easy for me to understand when i ear it but it's more easy when i read it. I trade since 20 years the french market and now i want to trade foreign markets. My method is quite simple. Nobody knows where the markets will go the most of the time, i don't worry about. I use stops very carefully to do the best money management. Each time i'm wrong, i exit immediately and i go in the way the market go. I know that is very dificult to earn money but I am convinced that is the only way to stay alive and active in the markets. In french there is not a lot of writings about markets and trading. The most of writings i have read are translated from american editions but at the end i finf all this litterature ( money management except) unuseless.
Hi,
you can find many of the great american traders-writers translated into french at the EDITIONS VALOR, hendaye: books of Mark Douglas, Weinstein, Bollinger, Livermore and many others.
I am now trying to follow Mark Douglas's instructions for becoming consistently profitable after 20 trades done according to my rules.
The chart attached shows my today's cfd trade on S & P 500. I entered on green, put a limit sell 3.1 points higher and got stopped there. The game here is to have a set up, implement and stick to it. Mark Douglas says if I do it 20 times, I am on the good way.
Be my witnesses.
Any comment welcome
happy trades!