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Non-Tech : MB TRADING
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To: funk who wrote (3496)1/23/1999 12:25:00 PM
From: funk  Read Replies (4) of 7382
 
Every trade is a good trade.

Even a bad trade.

That's my theory.

At this point in my trading there is almost no mystery, only observation and subsequent action, no guessing, no giant intellectual challenges. If I follow the system that I have cultured: I win. If I break my rules: I lose. It really is just that simple.

There is no such thing as a bad trade. What we all call bad trades are truly the most important trades of our careers.

Yup, it is much more enjoyable to learn from the trades that increase our account. The fact is, for anyone new to the game, there will be plenty of trades that take away from our buying power. It is essential, since the price has already been paid in dollars and in hurt pride as well, that as a trader we take as much from the experience as humanly possible.

I do not believe a trader can even begin to scratch the surface of learning until they take full responsibility for each and every trade and the state of their account.

Ideally as a system is created and assembled trade by trade and day by day, a trader should have no choice but to improve. A winning trade reinforces the desire to follow the system. A losing trade does the same. Every experience keeps pushing toward a stricter discipline.

If some traders were willing to talk about real life experiences many could benefit.

Every trade is a good trade.

Even a bad trade.

funk
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