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Old 02-13-2007, 04:44 PM
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Re: Looking To Begin Trading Futures: $$ Losses

1. Stop trading with money NOW
2. Paper trade until you find a method you are winning consistently with.

Although we all did it, its stupid to waste your capital while you are searching for a method still. STUPID

Learn patience. One element is being patient enough to trade on paper until you have no less than three winning weeks (really winning not just scraping in with a bit of luck). Another element is being patient enough not to use money until you find a method that works with you. Another element is being patient while waiting for a trade.

STOP now. Be patient. Find a method. Paper Trade until its second nature. Then work thru any psychological issues after you move to cash.

Your stake is way too small to waste it until you have a consistent method and a solid trading plan. Money management just creates a slow drip of blood as you cut yourself with a small knife.

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