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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Ken Wolff who wrote (1884)3/29/1999 5:45:00 PM
From: Ken Wolff  Read Replies (2) of 2120
 
Most traders look at their profits and losses for a measure of how the day has gone. I like to think of it a bit differently.

There are different ways to play the stock market.. 1. DUMB 2. LUCKY 3. SMART. You can make money playing the market all three ways!!!!!

This is my criteria for SMART TRADING --- What was the proper way to play the trade given the market?

As long as I play it smart I am very happy...and sometimes profits are really not a good indicator of a smart trader.

A smart trader knows when the market is not handing too much money out. I have found over the years that being willing to take
what is given is also the most important trait for "KEEPING WHAT YOU HAVE!!"

I try to NOT push the market for profits...and so I try not to focus on profits. I focus on the proper way to play, the trade, and the market.

Ken
www.mtrader.com
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