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

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To: Ken Wolff who wrote (1628)11/16/1998 5:22:00 PM
From: Ken Wolff  Read Replies (2) of 2120
 
Over the years, I have noticed many traders trade without following any specific rules of trading!!!!

Many simply gamble and they try new things. They constantly reinvent the wheel and are always coming up with new methods. The best traders I have found are those that are the most disciplined.

New traders have a process of learning that should be adhered to as they gain confidence, not taking huge losses. Even a big loss can be recovered, but your confidence is hard to recover have been the demise of many very good traders.

Ken
www.mtrader.com
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