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This is a post that all traders should print out in large bold letters and
stick on their computer screen. Having a plan and following the plan will
make you money and it will save you an untold large amount of money and stress.
Nice series of posts, Dennis. Happy 40 pts!
Tim
>Seriously, though, this little exercise was just to show how pros trade.
>Whether you are a strictly computer guy like Mark or an Andrews line guy
>like Tim, the thing they have in common is the 3 basic steps.
>
>1. Do the research
>2. Plan the trade
> If A happens, I will do X
> If B happens, I will do Y
>3. Trade the plan
>
>
>The point is, I feel good about the trade because I had a plan and I stuck
>to it. That's
>what lets me feel good (or at least not so bad) about the losers too. I
>know they will happen and, as long as I stuck to my plan, I know I
>traded well.
>
>--
> Dennis
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