Your Worst Trading Enemy.. You Message Board

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Strategies & Market Trends : Your Worst Trading Enemy.. You

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To: CharlieChina who wrote (33)	1/16/2001 5:06:14 AM
From: shawnwolff	of 223

RE: Choosing a strategy before you enter I agree Nicholas Gates... This year separated the professionals from the amateurs. I think it also was a wake up call to so many daytraders I see that let their daytrades "turn into" investments. I know a lot of daytraders who hold blown stops on daytrades, and tuck them away in the long term port. In a bull market this was acceptable, they got out ok. But this year, that type of undisciplined trading wiped many of them out. I feel it is crucial to go about trading in a methodical way, and choose your strategy before you enter. Go into a trade with a plan and stick to that plan.

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