Michael Covel

Richard Dawkins Added:

September 24th, 2008 at 9:13 am

…..yes…….

1. Stick to your system.
2. Losers average losers.
3. Don’t get caught up in the hype….off-line research.
4. Don’t be greedy.
5. Be disciplined.
6. Stay as far away from the action as possible.

7. I am guilty of all of the above and don’t I feel an idiot!

This time I am going to make it.

Alex Added:

September 25th, 2008 at 4:07 am

Ok, let’s see which part I did well and which part I did wrongly……

1. Stick to your system- so far so good, I had been doing that for the past 4 years.
2. Losers average losers - yes! exactly!
3. Don’t get caught up in the hype….off-line research- it cause some sleepless night occasionally……
4. Don’t be greedy- what is the point of trading if greedy simply no exist? I mean, we hold on to our profit as long as possible simply because we are greedy. so, nothing wrong with greedy!
5. Be disciplined.- yeap, main thing in trading
6. Stay as far away from the action as possible- yeap, stay far away and do not bother since the game plan was there before we enter our trade!

Ken - Todays Breakout Stocks Added:

September 27th, 2008 at 4:48 pm

I dont think riding trends and letting profits run is greedy. I think trying to pick tops and bottoms is greedy. Afterall trend traders always leave something on the table for the other guys, we never get out at the very top and never get in at the very bottom. That seems pretty generous to me!