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Strategies & Market Trends : Ask DrBob

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To: dealmakr who wrote (99765)5/21/2009 7:01:45 PM
From: FLACK  Read Replies (3) of 100058
 
dealmakr - Yes, as you said, it is a commitment… and one that few people make.
And I agree about losses… successful traders understand that to lose is to learn.

There is much that can be learned from the charts, but there is also that
great uncertainty as your eye moves to the far right edge.
This is the point of engagement, the point that separates the traders from the wannabes.

A trader needs to develop their own approach to trading. Much of that is learning
the technical analysis of the markets and much of it is overcoming their biases that
center around greed and fear.
So, every paper trade and every actual trade is an opportunity to learn how to
get past and beyond our inner self and make a better trade tomorrow.
Gee, that sounds kind of corny, but again as you said, it’s a commitment to
becoming the best trader you can possibly be.

Good fortune to you,
FLACK
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