Momentum Daytrading - Tricks of the Trade Message Board

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

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To: steve goldman who wrote (41)	1/6/1998 8:52:00 PM
From: Eric P	of 2120

Steve: Your post reminded me of a quote from one of the Market Wizards books. It went something like this: ...There are good trades and bad trades, winning trades and losing trades. A good trade is any trade in which the odds of success are in your favor, even if it ends up losing money... He emphasizes that we should focus on making only good trades (based on their probability of success) and have the confidence in our systems to follow our systems, even through inevitable drawdowns. Plan your Trading... Trade your Plan! Happy Trading, -Eric

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