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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: dpl who wrote (2304)1/11/1998 9:34:00 AM
From: Eric P  Read Replies (2) of 12617
 
dpl:

<<Most traders who lose their money do so for two reasons.
1. They don't take the time(and it takes a long time)to develope a "system"
2. As you said they cannot stick to their system.>>

I fully agree. I would add that the development of a traders "system" must be backtested or sufficiently paper traded to ensure that it is profitable. Perhaps this is obvious, but the vast majority of "systems" are consistent losers. Before committing dollars to a system, make sure you have a winning one...

Good Luck,
-Eric
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