MB TRADING Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : MB TRADING

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: funk who wrote (3507)	1/23/1999 12:33:00 PM
From: Rick Faurot	Read Replies (3) of 7382

Funk, I had to go through months of up and down trading before one day I finally woke up to the fact that I had been breaking the number one rule of trading: keeping tight stops. I had a beautiful winning streak that made me a ton of money. I forgot the rules. It went to my head. I thought I could do no wrong. Then I got stomped. I lost my concentration and went into a losing streak. Took me a LONG time to get back on track. Now with tight stop discipline back in place my trading has improved. I NEVER let a trade go against me a tick without stopping out. No exceptions. By preserving capital, I stay in the game and give myself a chance to learn. If I learn enough, I can do well. RickF

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next