Self-punshment really helps in finding your trading rules
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andreas
Apprentice
Joined: 07 Mar 2004
Posts: 5
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 Posted: 06/08/08 - 06:49 Post subject: |
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| I have recently been looking to start with investments. I have accumulated fair amount of assets and I have looking into the most efficient way to invest. I heard that self-punishment really helps in finding your trading rules, but I am not sure if that is really so. Thanks in advance. Any info will do and really mean a lot. |
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shep
Apprentice
Joined: 11 Mar 2005
Posts: 5
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| Posted: 07/07/08 - 23:52 Post subject: |
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| Any investment carries with it a risk in part. That is why you need to make sure everything goes as you plan, and that you make a good plan. Mechanics of stock trading is relatively easy to learn. However, making accurate predictions, and using a good judgment for making profitable decisions is whole other thing. If you are wrong, it can be catastrophic, so you need to find rules for making a disciplined trading. Self-punishment really helps, and you are completely right. It is hard in the beginning, but it definitely pays off. Best of luck. |
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