Five Trading Steps

  • 1. Define risk
  • 2. Define a trade style that matches personaility and beliefs
  • 3. Define one or two strategies for choice of style
  • 4. Back test and forard test method
  • 5. Trade with partial risk and earn the right to increase risk.

Tuesday, January 27, 2009

Trading is about Consistency not racing to a Finish Line

Many of you have heard me talk about Consistency. The success of a Trader is how consistent they become in their trading.

I would rather have a nice consistency to my trading rather than a roller coaster ride of huge profits and losses. I have done both and I definitely prefer consistent.

A client that works for Disney had one of their cartoonist draw a picture with this saying. It was a wonderful surprise when I got back from traveling for two weeks.

I am posting a pic here and taking it to be framed today. I thought I would share with all.

Many thanks for the pic!

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