http://trading-u.com/blog/index.php/archives/225 Forex & Futures Trading Education Thu, 30 Dec 2010 05:51:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://trading-u.com/blog/index.php/archives/225/comment-page-1#comment-10 lamont Fri, 15 May 2009 00:28:51 +0000 http://trading-u.com/blog/index.php/archives/225#comment-10 The problem with newbies, is they try to hit home runs, instead of focusing on money management and the psychology of trading which really matter. Even with a weak trading plan if you imply strict money management and psychology trading decisions you can make consistent money in the markets.It took my about 3 months to understand how the market really works and it truly open my eyes, as I see professionals simply make money by doing the opposite of the herd. Distributing on the up move to weak holders and Accumulating on down moves from the weak holders. The problem with newbies, is they try to hit home runs, instead of focusing on money management and the psychology of trading which really matter. Even with a weak trading plan if you imply strict money management and psychology trading decisions you can make consistent money in the markets.It took my about 3 months to understand how the market really works and it truly open my eyes, as I see professionals simply make money by doing the opposite of the herd. Distributing on the up move to weak holders and Accumulating on down moves from the weak holders.

]]> http://trading-u.com/blog/index.php/archives/225/comment-page-1#comment-6 admin Thu, 14 May 2009 22:55:52 +0000 http://trading-u.com/blog/index.php/archives/225#comment-6 Thanks Steward, That is a good point too about traders wanting to suplement the household budget. So many people think trading is about making lots of money. Trading is about not losing money and increasing your return on your equity. Even a couple of percentages is still good progress! Thanks Steward,
That is a good point too about traders wanting to suplement the household budget. So many people think trading is about making lots of money. Trading is about not losing money and increasing your return on your equity. Even a couple of percentages is still good progress!

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