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pedropips
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Self-discipline = Key for Daytrading
pedropips replied to gethim's topic in Day Trading and Scalping
Discipline is everything. Many military personal turn traders do very well indeed. -
If you can master managing you money, cut losses and let winners run then even 100 dollars is good to trade. You won't make a lot of money at first but if you are patient, build your account and compound then you'll be rich in no time. This is assuming you know how to trade and you have mastered you fear and greed Although a lot of people here 'strongly' suggest to have more capital, the way I see it is that if you can't make money with a small amount, you'll never make it with a big amount. Start small and grow big. That's what I did and now I trade like a robot, no emotion ... well not much anyway but doing well :P
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Sorry, new to all terms, what is 'LOD' please?