Trading is a systems business, what I mean by that is you need to develop a system that is 80% or better. If your system does not win at least 80% of the time then use someone else’s winning system while you create your own. Once you have a system that is 80% or better, follow it like a religion. Don’t do any other trades. The next major thing is money management. No one trade can take you to the promise land. If you don’t use the proper money management your account will not last long enough to realize any profits. There is a free newsletter that I get and they are giving away a great free ebook that every trader must read. “Effective Day trading”
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