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Data:2009-12-12 2:34
Successful trading is like life, like the success is determined by the loss of our control, good or bad decisions, not by us to avoid the loss of good and bad decisions. If you really want to be a shrewd trader. By allowing the loss becomes small, to learn how the loss of the professional bar. This is the key. This is what we need skills, this is the road of big money, which is the transaction allows us to something long-term career. By the loss of control is too low to manage well the loss of your bar, we guarantee a good profitable trade fair management themselves.
Each sum of losses in your account like a tumor to expand, with destruction of your entire financial career potential. Therefore, in order to ensure long-term nature of the transaction, the transaction must be in the tumor exposed its ugly head when the quick remove it. Every loss is a small beginning. Then drawn it, or completely get rid of it, and almost no pain. The main problem traders to allow them to expand when the loss or tumor. Each time the stock was allowed more in-depth areas of negative encroachment when the traders and their ability to act would be weaker. The loss of growth like a tumor, killing the wisdom of the transaction will eat into their mental and physical strength, until they had completely degenerated into a slave. If you want to be successful, any might ruin your future, have to be immediate treatment of disease.
No quick way to eliminate the stop error
The following action steps will prevent you to be the most ferocious enemy of ---- did not stop the game:
1. When things do not always bad when you have not yet decided what position you should protect your boat began to deal. This is like that "has not set a stop loss should never start a transaction." Have not decided at what price you should begin to escape a deal, like a steep hill from the washed down at full speed without any brakes . You may finally survived, but only those who like the game of death will often attempt such a thing.
2. Always insisted on a pre-set your stop loss. This should have been Needless to say, but only a few aspiring traders to have enough self-discipline to do this, so we have to mention it. Why is this so hard to do that? Because you stop selling the stock is well aware of the recognition you are wrong. This behavior will not bring a warm feeling of pride, nor to establish a person's confidence. But the real deal masters have learned to overcome these difficulties. They have become a dizzying pace in order to stop experts. They do so because they have trained for those who do not work for them shares an intolerable sense of, and in trouble, when just one will kill them there. We teach our traders to buy their stock for every one as one of their employees hired to do a job, this job is: up. Stocks suggests that it could not complete it was hired to do this work, we tell them to immediately fire-employed it, like the dismissal of a refusal to do to understand his or her work as an employee. We train our traders that do not tolerate those who can not meet their expectations of the stock, so sometimes they reach the stop-loss in these stocks before they are fired.