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.

Friday, November 20, 2009

Trader's Corner

Ditto Ian’s thoughts, I sit down every night and watch your report to see how you played the day.

 

This week I’ve been paper trading the system by putting in the setups for the WPT, and then day trading the 9 minute chart, every day has been net profitable, and I can compare what I did during the day to what you did to see how I can refine.  My confidence is rising again, and I hope to start back with real money again J.

 

Todd

 

 

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