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Old 02-02-2007, 12:26 AM
wsam29 wsam29 is offline
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Re: What Made You Profitable?

I looked in the mirror, realized I was the problem.

Took a couple of years to find the answers to my (psychological) problems.

Found some concepts for entry rules that I could trade with, without having to sit there all day to wait for the signal. Exit rules are set for each market.

Did not rely heavily on technical indicators such as MACD, RSI, etc.

Kept my trading to a minimum, commissions alone will chew into your profits or add to your loses.

Once you know what you are doing, the desire to trade and to be "right" will dissipate. The desire to want to make money rather than pick the right trades will also dissipate. Missing a key trading day will not frustrate you.

Once you get into the mindset of knowing what you are going to do when the market does what it does is where you want to be at. Once you are there, the money will follow.

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Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon

Last edited by wsam29; 02-02-2007 at 01:00 AM.
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