Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: aldrums who wrote (19)	10/15/2000 10:35:50 AM
From: Threei	Read Replies (3) of 867

Alex, My philosophy has always been why make all the mistakes when you can learn from those who have come before. True... and having such an opportunity from the start would have saved me plenty I am sure. It's amazing how much of info you can find these days comparing to several years ago. At the same time, some things just can't be mastered until they become one's own experience (and for many, even then...) The most illustrious example would be probably applying of stop loss. There are no traders who wouldn't have been told from the very beginning: Keep your stop! The reason for this I believe: it's not enough to KNOW. You need to ACT on what you know. And this ability to act accordingly to what is learned is different animal. Self-changing is real key to successful trading. Curious thing: for those who went through this self-adjusting it becomes so obvious that they really can not understand anymore how anyone could not see the light. And many of their listeners see the path clearly but still wouldn't take it. "We saw the enemy. It's us". Thank you for joining the discussion, best regards Vadym

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