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12-02-2010, 12:54 PM
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After having an unusual Drawdown :-
Pro - "May be the mkt is not favourable or my mind is not working well, lets take a holiday break, will live to fight another day"  Semi-Amateur - "OMG, what a drawdown, I cannot stop now, may be next trade is a Big- bang trade"  Amateur - "I always knew Trading is gambling, will never trade ever now " 
    
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15-02-2010, 09:56 AM
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Well said mate. I have seen some confusing this with Risk management -- which this is not!
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| The Following 3 Users Say Thank You to stumper For This Useful Post: | ||
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10-03-2010, 01:51 PM
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"Money is made in Tape Reading by anticipating what is coming
-- not by waiting till it happens and going with the crowd." — Richard D Wyckoff
__________________
May The Odds Be In Your Favor
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01-07-2010, 05:00 PM
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amateur: lots of assumption, analysis, guesswork without proper action.
pro: ACT on ideas .................................................. .....................
__________________
from here on market may move up or go down or may remain sideways. trade lagate raho. kahi na kahi se paisa aa jayega.......................
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07-12-2010, 11:57 AM
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very nicely put 
__________________
Asatoma Sat Gamaya...
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21-01-2011, 01:19 PM
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TRADE WITH CHARTS WHY ? 1. Forget the news, remember the chart. No one is smart enough to know how news will affect price in every case. The chart already knows the news is coming. 2. Execute positions based on numbers, time, and volume, not emotions. This discipline forces the trader to distance himself from reckless gambling behavior. 3. Remember that participants in the markets echo similar patterns over and over again based on the infallible rules of human behavior allowing the trader to take advantage of potentially profitable trades while minimizing losses.  
__________________
Each successful person has a painful story, Each painful story has a successful ending, So” Accept the Pain" and "Achieve the GAIN" That's LIFE
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11-11-2011, 09:17 PM
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pros always assume that their trade will be a loser and what they would do to manage it.
__________________
Trading is simple, but not easy SOME PEOPLE FEEL THE RAIN, OTHERS JUST GET WET
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31-01-2012, 06:26 PM
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Amateur- Repeats his mistakes, thinking this time it will work.
Pro-Understands that mistakes or losses is the part of game, records, analyzes & improves. Never repeats the same ones!!
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