Starling walks


Discipline is above all
If a market offers good profits, you may be tempted to stay in that market. Greed almost demands that you re-enter the market immediately for fear of losing profits. When I'm in that mood, I need to remind myself that there are new opportunities next week, next month, next year. Discipline: Once I exit one market, I need to look for opportunities in other markets.

What is traded, in fact what I call entry signals, is secondary to capital and risk management. The importance of identifying trading opportunities is clearly overrated.

There is no perfect strategy
This is one of the biggest challenges a trader faces -- what happens when a positive order is stopped before a bigger goal is reached? Unfortunately, this is not an easy answer, but there are some things worth summarizing.

Volatile market
Concussion trend, can produce not only major loss, and also can blow trader's confidence. I have had many such experiences myself. Because before the emergence of big market, often will be the first violent shock, deliberately frighten traders, thereby missing the real good opportunity.

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Chart PatternsHarmonic PatternsTrend Analysis

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