- School of Trading...
I realized that every time I had a loss, I needed to learn something from the experience and view the loss as tuition at the College of Trading.
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- AHA...!
If you can't take a small loss, sooner or later you will take the mother of all losses. There are old traders and there are bold traders, but there are very few old, bold traders. Dramatic and emotional trading experiences tend to be negative.
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- Your Money...
"Your money isn't gone, it's just in the hands of other people now."
Egbert Prior
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- Forex Hairdresser...
"Hairdressing isnt such a bad profession after all"
Hairdresser
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- Avoiding Risk...
"To whatever degree you haven't accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully."
Mark Douglas
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- Trading- Cutting Losses...
If you can't take a small loss, sooner or later you will take the mother of all losses. There are old traders and there are bold traders, but there are very few old, bold traders. Dramatic and emotional trading experiences tend to be negative.
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- Forex Master...
"To be a money master, you must first be a self-master."
J. P. Morgan
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- Forex Essentials...
"The essential element is that the markets are ultimately based on human psychology, and by charting the markets you’re merely converting human psychology into graphic representations. I believe that the human mind is more powerful than any computer in analyzing the implications of these price graphs. "
Al Weiss
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- Forex Missed Opportunities?
Missing an opportunity is as bad as being on the wrong side of a trade.
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- Forex Wisdom...
"Wanting to make money in the markets without accepting there will be losses is like waiting to breathe but only wishing to exhale."
Ed Seykota
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