5 Things I have learned in 5 years of trading!
- Thread starter sebking1986
- Start date
To give people false hope - so they keep reloading funds into their blown account.
This is so true for so many people!
Stay away from margin if you can, too many trades yield small profit or losses, and Warren Buffet way is the best way to make money in the markets.
All you need is
1) Edge
2) Risk Management
3) Risk Management
4) Risk Management
5) Risk Management
Of course you also need the psychology and discipline to go through the drawdowns
and stick to the system.
1) Edge
2) Risk Management
3) Risk Management
4) Risk Management
5) Risk Management
Of course you also need the psychology and discipline to go through the drawdowns
and stick to the system.
A perfectly wrong perspective.
You have to work in accordance with the market. Even if it takes a turn, you can’t blame it because you made a wrong prediction that led to a loss. Moving is the basic nature of the market and it’s useless to question it.
Agree with you! Making wrong predictions and then make false projections is the major mistake mostly we all make under pressure.
Thats the key to it all, when there is no pressure or nerves we can trade at our best
Managing my risk was the key to everything