Lessons a week

M

mishwar

Will post advanced trading lessons every week that should be of help any new trader.

1) More important than the tools, equipments, news is your own make up. psychological. In the long run, the most experienced traders realize the battle is only against onself. Polish yourself, more profits pour.
 
This belongs here too please accomodate

One of the first excercises i teach my trading students is just to toss a coin every day and take positions heads long .. tails short .. and then the important part .. cut the loser early .. let the winner run... add 1.5 pts above even. A perfect package....

Thanks
mishwar
 
Having a view on the market or taking a call is the flawed approach of a noob.
One should move from such an approach as soon as possible.
Taking a view is important and tools such as Technical Analysis help. However, once you take a view throw it in the basket. concentrate on making the most of the trade. Now keep smart trailing stop losses. kick out the loser.

Thanks
mishwar
 
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