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

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To: WEBNATURAL who wrote (1317)7/29/1998 8:24:00 PM
From: Ken Wolff   of 2120
 
BREAKING THE CYCLE

I often find that traders miss the early trades then gain courage later and attempt trades at a "low percentage" time of the day...

Then after the market closes, they kick themselves promising to play the trades properly and aggressively the next morning...

Then fear gets them as the day is unpredictable and they miss the early trades again...

Its very tough to break that cycle!!!
The only way to break it is TEACHING...

You must learn until you get experience in the market and soon trades will begin to "POP" out at you. They will beg you to jump in and you will and winning becomes easier. The mystery of the market will disappear.

You will soon look back and wonder why you were so scared...
but if you jump on "low percentage" unpredictable trades you will only gain in fear as you lose..

You are to gain experience in "WHAT WORKS"!!!

Ken
www.mtrader.com
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