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

Thursday, January 21, 2010

an extremely good article for all serious traders, must read !

By Brian McAboy
Copyright © 2006 by New Ireland Ventures, LLC.

Do you have the courage to stay on the sidelines when you should, and miss trading opportunities?
Do you have the courage to do the right thing and get out of a trade that you know you should?
Do you have the courage to seek help?
Do you have the courage to stick to your strategy and avoid temptations to deviate?
Do you have the courage to ask "stupid" questions?
Do you have the courage to easily admit it when you_re wrong or that you just plain made an error?
Do you have the courage to trade for profit and give up trading for excitement?

There are ways to build the courage for any of the above questions.... READ MORE


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