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In any profession, in life generally: Knowing When pays much more than Knowing How, especially in Markets. We all somehow know how to trade, but the WHEN is what differentiates an elite trader from an average trader. SEE & Listen yourself. That's what the MARKET NEEDS. I love this track.
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Trader's Lesson: Respect the Instrument, It Respects you Back
Mark Knopfler teaches us a LESSON in the way he respects his instrument, it fully obeys and let you be in FULL CONTROL. We TRADERS shall respect the instruments we Trade.
Time to reflect and learn some lessons
Well, I disregarded my own advice of staying out of the market at Xmas,
I should have taken the time to reflect on the markets and find the right plan to trade on
I lost most of my money making horrible decisions and then trying to correct them...
I felt really bad when I closed up yesterday below 100K
but it has put a couple of things in perspective for me:
I know why I was stopped out twice during the competition already, before I reached second place:
I don't rest - I just can't seem to relax…
I should have taken the time to reflect on the markets and find the right plan to trade on
I lost most of my money making horrible decisions and then trying to correct them...
I felt really bad when I closed up yesterday below 100K
but it has put a couple of things in perspective for me:
I know why I was stopped out twice during the competition already, before I reached second place:
I don't rest - I just can't seem to relax…