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DAY 7 - THINGS I'VE LEARNED (OFTEN THE HARD WAY)....

alifari Posted 7 Aug.  in #Trader's blog #Hard #Way #Things #Learned
Some valuable tips:
Things I've learned, (often the hard way....)

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  • I am not my money.
    • This one I admit is tough. It's not the most important thing, but it's definitely how we keep score.
  • I am not my trades.
    • I am not better because I am profitable. I am not less when i am not profitable.
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    2 Comments
    sonjatrader avatar
    sonjatrader 10 Aug.

    Very good article !!

    kyleky avatar
    kyleky 10 Aug.

    Great article of Trading Psychology, I highly recommend Mark Douglas' Trading in the Zone & other books if you will like to further study on this.

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    DAY 15 - When to Take Profit Always the Hardest Thing

    alifari Posted 15 Aug.  in #Trader's blog #Take Profit #Hard
    Every trader has to develop their own method because there are no rules to how much risk you can take and how much profit you want. Clearly your risk must be determined by how well funded you are and how much of your capital you will risk per trade including the funds necessary to withstand pull backs and spikes. The profit you want is rarely feasible and many traders want to try and get daily moves on a 5 minute time frame. This is neither reality or practical. You must trade with risk and a re…
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    Bimlesh avatar
    Bimlesh 15 Aug.

    wonderful.... that seems to be one of my probs....:)

    VikaChechenkova avatar
    VikaChechenkova 18 Aug.

    exellent)))

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