Saturday, 25 February 2012

YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY:

YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY :

Never put yourself in the precarious position of losing more money than you can
afford. The worst feeling in the world is wanting to trade and not being able to do so
because the equity in your account is too low and your brokerage firm will not allow you to continue
unless you submit more funds.
I require my students to place daily downside limits on their performance.
For example, your daily loss limit can never exceed $500. Once you reach the $500 loss limit, you must turn your PC off and call it a day. You can always come back tomorrow.

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