Posted by paige386 on 15th of May 2009 at 08:33 am
Ultimately you have to realize that you aren't trading
stocks.....
You are trading people. Stocks are no different than pokemon
cards. knowing when people are selling their merchandise too
cheaply or wanting to buy too high is what you want to exploit.
Keep your losses small and like you are doing work on being
consistant. Once you are consistant then you can raise the amount
you risk on a trade. When placing a trade have your plan set.
1. entry 2. exit 3. targets
newbie traders
Posted by paige386 on 15th of May 2009 at 08:33 am
Ultimately you have to realize that you aren't trading stocks.....
You are trading people. Stocks are no different than pokemon cards. knowing when people are selling their merchandise too cheaply or wanting to buy too high is what you want to exploit.
Keep your losses small and like you are doing work on being consistant. Once you are consistant then you can raise the amount you risk on a trade. When placing a trade have your plan set. 1. entry 2. exit 3. targets
Take profits, don't be a pig.
Trade well!
Newbie comments
Posted by cdjd on 15th of May 2009 at 08:52 am
You don't have to be a newbie to screw up.
I have been trading on off for many years and I still (much too often) buy High and Sell Low.
losses are part of the
Posted by paige386 on 15th of May 2009 at 09:26 am
losses are part of the game, the key is to keep your losses smaller than your gains.