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Old 02-02-2007, 02:15 PM
wsam29 wsam29 is offline
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Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

There is no point having a trading plan if you cannot follow it.

You can't follow the plan because you don't understand why you need to follow the rules.

It's a viscious circle of "you won't get it, until you get it". My eiphany occured after reading his book.

And believe me, its already had a huge impact on my trading results.

What your main objective is as a new trader is to understand yourself. The only way to do that is to lose money. From losing money, you learn what not to do in order to make money. In order to make money you need to follow the rules. When you follow the rules you will be able to follow your plan.

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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
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