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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: 1stSunRay who wrote (825)11/5/1997 6:51:00 PM
From: jaytee  Read Replies (1) | Respond to of 12617
 
1stSunRay: Great post! You've become the Rex Reed of the financial book world , here on-line for us. Good work!

I particularly like the attitude adjustment that this book incites: the MAIN GOAL is to MINIMIZE RISK not maximize profit. Keep losses under control(80% of the battle/ always using prot. stops). Things like this, not necessarily new to me now have more weight. I need more DISCIPLINE.

I also like, and do, the idea of writing down my trades . I have an entry journal, and I even write down my blunders (mis-plays, stupid moves, things I didn't watch out for) for future reference and "cementing " the learning process indellibly in my mind.

Thanks for the critique,
Jaytee