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Re: langlui post# 4421

Sunday, 04/20/2008 12:45:05 PM

Sunday, April 20, 2008 12:45:05 PM

Post# of 160315
Some good wisdom from simplegreen's IBox

.If you are "hungry" you will take profits at a good profit point and not look back..you are just happy to add to that $2500 portfolio value that you started that trade with!This type of thinking IS IMPERATIVE to me and I WILL NEVER.. NOT be hungry in my trading again.When I first started years ago with $4000 I did quite well til I got up to around $11,000 I would start to backpeddle.After a few cycles of this I realized I was the problem because I was no longer "hungry" and would start getting sloppy,greedy and would make mistakes.I DO NOT, on the other hand trade to make money ,I trade to TRADE WELL! If I have made a good well planned trade in both the buying and the selling then the money is a byproduct of that trade.Read this area repeatedly and practice it religiously and it will serve you well...it has me.



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