Posted by ndtrade123 on 17th of Mar 2009 at 11:07 pm
Thank you...it's just that I got some beginner's luck from last
week and thought the advice of this site like gospel. Of
course, there is no promise in life and no free lunch. I am
learning the hard way today. Only the market god knows where
the market goes. The key is to have structure in one's
trading. I don't have stop loss or profit target in place
whenever I make a trade. I just thought to ride the
trend. For a day like today where the trend didn't show
itself for a long while, it's hard. Maybe for a day like
this, I will not trade or trade for small small profits, instead of
thinking to ride the leveraged ETFs for significant gains.
These 3X products can be your best friends and can be your worst
enemies, too.
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Thank you...it's just that I
Thanks Steve for the newsletter update
Posted by ndtrade123 on 17th of Mar 2009 at 11:07 pm
Thank you...it's just that I got some beginner's luck from last week and thought the advice of this site like gospel. Of course, there is no promise in life and no free lunch. I am learning the hard way today. Only the market god knows where the market goes. The key is to have structure in one's trading. I don't have stop loss or profit target in place whenever I make a trade. I just thought to ride the trend. For a day like today where the trend didn't show itself for a long while, it's hard. Maybe for a day like this, I will not trade or trade for small small profits, instead of thinking to ride the leveraged ETFs for significant gains. These 3X products can be your best friends and can be your worst enemies, too.