The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Saturday, March 28, 2009

Short entry 28th March 2009

My decision to enter short was on the formation of the Doji at the confluence of resistance in the H1 chart. I zoomed into the M5 and saw lower highs, my entry was at one of the highs in M5. Too bad i did not held on for long. Must practice holding trades, seriously!
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