Types of traders here..... where do you stand??? Dare to find out?

i'm a group a trader. I make money at FXCM. its not even a lot, but to be able to beat those fucking theives at their own game. Trying to hit my fucking stops, or randomly increasing spreads.

I AM group A

I am fucking AWESOME
 
In my first post I'd like to give a very hearty thanks to lilduckling for helping me see where I stood.

I read this several months ago and it really put this game into a new perspective.

In my trading I've ridden many good trades up and then back down to even lower levels. That is soooooo frustrating.

In January 2009 I started with a more disciplined strategy. I have a modest and specific goal and religiously track progress and when it isn't working, I exit.

The number one change in my behaviour is to dump a losing position early and number two is to take profits before the next plunge.

Anyway, many many thanks to those who provide some great advice.

Eric
 
Quote from womblevader:

I have a high winning trade %age and am learning money management so I can hold on to my profits..
More...

Percentage is irrelevent. Good capital management is necessary to survive the longrun, but even more essential is to simply make +ev trades, i.e. to have an edge. Everyone will say they have an edge, but most don't actually know what that even means.
 
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