Saturday, September 02, 2006

TRADE WITH YOUR EYES OPEN

Every winner needs to master 3 essential components of trading: a sound individual psychology, a logical trading system, and a good money management plan.

Your trades must be based on clearly defined rules. You have to analyse your feelings as you trad, to make sure that your decisions are intellectually sound.

You have to structure your money management so that no string of losses can kick you out of the game.

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