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Traders.
1. We have had, what are the 3 indicators to use, 3 money management
sttrategies to use, 3 best books, how about " 3 significant influences in
their trading experience." It is always instructional and encouraging to hear
what others have to say, and what possibly profound experiences, made a
difference in trading and success. Sorry no .gif attached.!!!!! And of course
you do not have top share any trade secrets.
2. I have only been at this 2 years, but I am slowly turning the corner, so I
will start the ball rolling.
a. Ken Roberts Pamphlett in the mail - without that I would never have heard
about commodities. I thought futures had to do with astrology.
b. Multiple Time frames - an article in TASC by Robert Krausz, about his
methodology and forms a philosophical base to my trading view. I actually went
on to purchased his Fibonacci Trader program, and find it more and more
helpful as time goes by.
c. Stop and Reverse - I have lost most of my big bucks, by not being able to
emotionally get out, and hoping. If I would have stopped and reversed, I would
have made a ton. I am now incorporating a stop and a stop and reverse. ie if
the market is not going up it is probably going down ie you are wrong so go
with it. If it just hits congestion, then you probably can get out close to
where you get in. By working on this. My losing trades have been neglible $$$,
or at least manageable, more recently, and for once in my trading experience,
my red ink is slowly, and steadily disappearing. Still a ways to go.
Glad to hear from others,
Edgar
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