Thursday, January 25, 2007

Part 3 - If you want to fail read on

A few simple steps which if followed will ensure you fail when attempting to day trade the futures markets

Never try to outsmart the market,no matter how big,strong,intelligent,clever,old ,young,confident you are you can NEVER outsmart the market in the long term ,if you think you can you wont and you will fail

Never get emotionally involved in a trade..click the mouse forget the trade.. if you get involved at a mental level you will fail


Always use a stop and stick to it,never move it never cancel it never ignore it if you do you will fail


Never try and get back losses by trading harder or bigger than your management rules say so if you do you will fail


Never hang onto that losing trading hoping it will come back..99% of the time it wont and you will fail.

Never lose your temper or shout and scream..the market cant hear you it doesn’t care and you will have to take that next trade on an uneven keel..if you do you will fail

1 Comments:

At 12:55 am, Anonymous Anonymous said...

Great site loved it alot, will come back and visit again.
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