Trading Plan

This is a discussion on Trading Plan within the Trading Journals forums, part of the Reception category; Originally Posted by joseph1986 discipline vs. skill/system accuracy discipline wins hands down every time. You get over ambitious in the ...

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Old Oct 9, 2017, 4:09pm   #25
 
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Originally Posted by joseph1986 View Post
discipline vs. skill/system accuracy
discipline wins hands down every time. You get over ambitious in the beginning then you realize you're swimming with sharks. I think that it's wise that we devote more time to risk management and how to increase position size week by week and less time on "my system is this accurate".
Yes Sir, very well put... I have red somewhere about a study with great risk management and stocks chosen with darts you can still make money...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 21, 2017, 8:31pm   #26
Joined Oct 2017
This kind of questions are typical of looser traders.

Sorry for my honesty.
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Old Oct 21, 2017, 8:48pm   #27
 
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Originally Posted by RachasfromPortugal View Post
This kind of questions are typical of looser traders.

Sorry for my honesty.
The word is "loser".

You may want to dial it back a bit, Rachas.
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Old Oct 21, 2017, 10:05pm   #28
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The word is "loser".

You may want to dial it back a bit, Rachas.
Sorry about that.

iam Portuguese.
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Old Oct 25, 2017, 4:12pm   #29
 
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Originally Posted by RachasfromPortugal View Post
Sorry about that.

iam Portuguese.
I am from the Moon, so we won't hold that against you :-)
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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