well, in my first post I described what makes up in short, my trading style and methodology. As you see there, there are a few points stressed, like. Money management, risk management, trading psychology and technical analysis. These are all elements that make up my trading system.
So. Could you please be more specific :) I don't feel like writing a book on this thread :)
speki posted: Why do you think the mortality rate is so high among traders? Would you recommend any books?
I think it all boils down to a few elements that need to be in order. Money management, risk management, trading psychology and the trading analysis. If a trader doesnt develope one of the elements properly, It could be fatal for his account.
naah, well perhaps 'Reminiscences of a Stock Operator' but mostly for its entertaining value, but I guess some lessons can be learned from it. I learned to trade through studying price action and technical analysis since february last year. I began studying 24/7 and after 2 monrhs (beginning of april) I joined the james16group. I specialized in a system there called the BASE system, one of the teachers at the james16group, the one that was developing the base system, me and him have talked a lot together, and I've learned a lot from him. There were other teachers at the J16group, one teaches trading psychology, a couple teach PA/TA and or have their own system they've developed. I also learned risk and money management from the threads there by the techers. But at the end of August I took a break. I was taking such long hours studying and trading that I started dreaming almost every night about the trades I was in. The break lasted until january.
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