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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: TraderRick who wrote (429)	2/1/1998 7:53:00 PM
From: Ken Wolff	Respond to of 2120

TraderRick, I WAS looking over your shoulder :) LOL. Actually in a way I am. I have taught many students one on one and in groups in my room and I see the same EXACT mistakes made over and over again. Even though I grind the "Rules" into their heads, somehow some still manage to go astray and follow their emotions through a trade, drop their well disciplined approach and get taken out of the game by a series of poor trades. It is sad to see this happen time and time again to good people who mean well. This is one reason I started this thread. If just a few can avoid the pitfalls that nails many traders due to the information on this thread than we can all feel good about it. This is not something that you learn once and forget. You must constantly remind yourself. I even go back and reread my book and several others that I like, from time to time just to keep my discipline. I have notes posted all over my walls warning me of them and to stay disciplined. It does not come easy :) Discipline, Discipline, Discipline is the key to success in this game! Without Question :) ken mtrader.com