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Old 07-16-2010, 09:47 AM   #17

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Re: Higher Lows Lower Highs

What the heck:

Forgive yourself for making a mistake and move on. Don't repeat the same mistakes.
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Old 07-16-2010, 09:48 AM   #18

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Re: Higher Lows Lower Highs

Reach a stage where you can control your emotions. You can do that by ensuring your plan works and if a trade does not go your way that's just one of those things. You will not always have winning trades.
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Old 07-16-2010, 09:50 AM   #19

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Re: Higher Lows Lower Highs

You cannot control the market, you can only control yourself and react to what the market gives. The market will do what it wants to, not what you want.
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Old 07-16-2010, 09:51 AM   #20

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Re: Higher Lows Lower Highs

Time has no bearing on money. You could earn 5% in an hour more than you get from a bank account in a year. That has no bearing on whether the market is going to carry on in the same direction. Nobody went broke banking profits.
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Old 07-16-2010, 09:58 AM   #21

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Re: Higher Lows Lower Highs

Review each session, what did the market give, what could you reasonably get. If you are consistently falling considerably short on whats reasonably available review your entry and exit strategy.
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Old 07-16-2010, 09:59 AM   #22

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Re: Higher Lows Lower Highs

Go for experience before you go for the money, in trading and in life in general. Demo trade successfully before you trade with real money. The market will be there tomorrow.
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Old 07-16-2010, 10:00 AM   #23

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Re: Higher Lows Lower Highs

Don't stay married to a trade if everything suggests get out. Review losses, what, why, where and when are always good questions to ask. Learn from these trades. Did you trade your plan?

Plan your trade, stick to your system.
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Old 07-16-2010, 10:01 AM   #24

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Re: Higher Lows Lower Highs

A none system trade than wins is probably the worst thing you can have happen to you. You'll either dilute your system or trade everything in sight thinking you can. Act in your own best interests.
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