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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (37)1/6/1998 10:14:00 AM
From: steve goldman  Read Replies (2) of 2120
 
I have never seen a professional succeed, long term,in any endeavor without discipline.

I can't ditto this one enough! Trade the rule, not the exception. Do what the ideal trader would do each and every time, stickto your guns and you will succeed. You might have a 'shucks, I shouldn't have sold it', every so often, frequently in fact, often so many times that you question your discipline. Don't question it. Discipline is what sets this apart from gambling and keeps you earning returns for years down the road.

Those without discipline get a home run every so often but burn up and ultimately fail.

Regards,
Steve@yamner.com
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