Sunday, June 13, 2010

Awesome trading video




A video by the author of Market Wizards ( please register to watch )...Market Wizards


* To be a good trader, you have to trade inline with your natural personality.

* Successful trading is effortless. So it is all in the preparation.

* Before you get into a position, you should know when to get out.

* Learn from others. But take decisions on your own. Do not play the other person's trades.

* It neves bothers me to lose, but I know I will make it back.

* You should know you have won the game before you start.

* The need "not to make a mistake, not to lose" leads to people losing money.

* There is a difference between bad trades and losing trades.

* You do nothing till you take money off the floor. Wait for the opportunity.

* Amateur traders go broke taking large losses. Pro traders go broke taking small profits.

* Do not be loyal to your position.

* People love doing comfortable things. Markets supports doing uncomfortable things.

* Do you love trading ? It should not be about the money.

* Intuition is experience at a subconscious level.


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