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Old 11-21-2008, 11:15 PM
LyallNZ LyallNZ is offline
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Join Date: Aug 2008
Location: New Zealand
Posts: 20
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Default how I trade

Glad to talk about how I trade. Busy now though.
I feel like I have learned heaps in the last few months, especially through losing. You can make a few winning trades and feel like an expert then lose nearly everything on the next few trades. I got to where I would take guess trades. The market would be moving in a direction quite quickly and I would guess that it would keep going that way, so I would take a quick, unthinking trade and it would immediately change direction. Now one of my big rules I say out loud from time to time is " don't be an idiot Lyall". Only trade your system - no guessing. Discipline is the first thing you need to trade successfully, then a system that wins more than it loses. I will tell you about that next week.
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