Sunday, September 23, 2007

More Notes from Podcasts

  • You have to be willing to lose in order to win. You can't be afraid to have your stop getting hit if it's a good trade.
  • The most important thing is protect yourself, protect your capital.
  • You make better decisions by making fewer decisions. Some people think that as a trader you're suppose to trade so if they're not trading they feel they're not working and force trades when the opportunity is not there.
  • Get out an excel spreadsheet and see how the strategy works candle by candle. You don't need to test it live.

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