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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Brennan Wilkie who wrote (52317)7/25/2001 9:11:15 AM
From: CharlieChina  Respond to of 62348
 
Believe me, the best traders know when, not to trade.

Its all about discipline, control of emotions and risk/reward.

If you have all 3 components one can make money.

85% of all trading methods will make money, but its all about discipline, control of emotions and risk/reward.

its that simple.



To: Brennan Wilkie who wrote (52317)7/25/2001 9:11:43 AM
From: Swami  Read Replies (1) | Respond to of 62348
 
A good trader also doesnt trade when his mind is f*cked up!!



To: Brennan Wilkie who wrote (52317)7/25/2001 9:16:10 AM
From: Vitalsigns  Read Replies (1) | Respond to of 62348
 
Very hard for any trader to make money long when the markets are trending down. the long moves are up quick and sometimes the moves are not worth the risk. Do you try to $500 by risking $500? not a good ratio to stay alive. I much prefer a 2:1 or 3:1 risk ratio versus a sometimes anemic 1:1 or it seems lately a 1:2 . So a good trader knows when not to trade and waits for the risks to go back into his favor.

Vitalsigns