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Re: Egnar post# 57277

Tuesday, 02/04/2014 10:22:50 PM

Tuesday, February 04, 2014 10:22:50 PM

Post# of 120682
My goal with trading is to double my money each year. If you think about it, if you really learn trading/charting/fundamentals, etc, it's really not that hard to double your money each year.... The reason people fail at it is because they get greedy.

When I've been successful with trading, is when I've taken 10 to 20% and then real quickly moved on to the next trade..... True, you will have a bad trades, but as long as you cut your losses quickly and then move onto the next, it's not that hard to double your money each year. I always tell me people to ask themselves, how many trades would you not have screwed up had you just taken a 10 or 20% gain and moved on? Before I learned how to trade, I made that mistake a ton of times.... Now with that said, I look at PHOT as an exception and that's only because it's in a very very smoking hot sector right now. If that wasn't the case, I would have traded out of this already.... Right now I'm just trying to build my trading book library and learn everything I possibly can... Currently I have about 15 books, and only 5 of them I've read so far..

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