Selasa, 14 Juni 2011

6 last laws of trading

* there is no alternative to experience.
= trading without experience will ultimately lead to experience!

* do ph.d. in one or two indicators and stick to them
= if two are not good enough, neither will be twenty-two!
= difference of result comes not from the number of indicators, but the depth of understanding.

* trade only and only when relaxed. stop trading when excited
= the excited will be trapped, the relaxed will be spared and rewarded.

* no risk, no profit
= risk is and will always be there. nothing, i repeat, nothing will happen till you take it.

* use your own head
= others are only confident confused compulsive liars as successful as you.

* take only that much risk which you can afford to bear
= excessive risk hypnotizes good trading

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