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

Wednesday, April 1, 2009

Short entry 31st March 2009

The 1st entry for that day was good but the 2nd had erased the profits from the 1st trade. The 2nd entry was initiated in a hush manner without taking into accounts some important details like the LTL beneath it and also the Higher Low created from the previous swing.
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