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

Monday, January 4, 2010

Welcome back traders !

welcome back to the 1st week of trading for 2010! before i begin posting charts and analysis i would like to share a famous quote from Sir Issac Newton whose birthday is also on today, 4th January 1643

“If I have ever made any valuable discoveries, it has been due more to patient attention, than to any other talent”

i hope that this would be the quote that we traders will stick to as good trading revolves around patience and waiting for trades to come to us. Wishing all traders best of luck and fortune in 2010!
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