Monday, July 21, 2008

Wise Words Part 3

  • I love what i’m doing, and I am going to be a lot more successful
  • The point you use to measure the time lement is not the price high, but an oscillator high
  • I turn my losses to a winner is when I am able to separate my ego needs from making money, when I am able to accept being wrong, it’s not so painful to take a loss, and if I make mistake, SO WHAT !!
  • I always take my losses quickly
  • Don’t increase your position size until you have doubled or tripled your capital
  • The market is always right
  • I learn how to think for my self ; to be able to see that the emperor has no clothes
  • The trend is my friend
  • I have no boundaries, i’m totally flexible, I’m open to everything, and I pursue everything, I have no more compunction about speculating
  • I know when to hold and when to liquidate a losing position
  • I understand well about Charts, Elliot Wave, Gann Analysis, Fibonacci Number, Cycles, Sentiment, Moving Averages, and Various Oscillators, and I know when to use each method
  • I always do my homework (journal)
  • I’m not an arrogant trader
  • I understand my limitations
  • I am my own person
  • I don’t trade until an opportunity presents itself
  • It is important to learn how to lose, but it is more important to learn how to win

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