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Trading for a Living - Cliff Notes
Sep 03, 2009 at 01:02
3,319 Views
13 Replies
Sep 03, 2009 at 01:02
First off, I want to make clear that this is not my information. I am posting it here as it is by far some of the best words of wisdom I have ever read in my years of trading forex. Thanks to Acumen for putting together his thoughts from years of trading.
The attached pdf should be treated like gold.
Also saw a reference there to Paul Rotter - the worlds most successful scalper.....interesting one of his comments:
"Q: why don't you have any problems with closing out the position and even taking the opposite direction? shouldn't a trader stick to his opinion?
A: no, definitely not. an analyst or some kind of guru has to stick to it, but as a trader you should have no opinion. the more opinion you have, the harder gets it to get out of a losing position."
The original topic is posted on Forex Factory:
http://www.forexfactory.com/showthread.php?t=178922
The attached pdf should be treated like gold.
Also saw a reference there to Paul Rotter - the worlds most successful scalper.....interesting one of his comments:
"Q: why don't you have any problems with closing out the position and even taking the opposite direction? shouldn't a trader stick to his opinion?
A: no, definitely not. an analyst or some kind of guru has to stick to it, but as a trader you should have no opinion. the more opinion you have, the harder gets it to get out of a losing position."
The original topic is posted on Forex Factory:
http://www.forexfactory.com/showthread.php?t=178922
Attachments:
forex_trader_7
Member Since Aug 01, 2009
895 posts
Sep 03, 2009 at 05:02
That pdf is so old my reader won't open it...
forex_trader_7
Member Since Aug 01, 2009
895 posts
Sep 08, 2009 at 22:38
I still can't read it. My adobe must be broken.
Member Since Sep 18, 2009
2 posts
Sep 21, 2009 at 14:13
Nice, thanks... 
forex_trader_211
Member Since Aug 20, 2009
2 posts
Sep 27, 2009 at 22:56
Great post. Thank you.
Member Since Dec 25, 2009
2 posts
Dec 25, 2009 at 21:36
thanks for the post
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