@Jack
Don't get into emotions. A small hint, make your own
trading decissions BEFORE!!! your trade starts and then
follow your rules. Believe me, it is better.
(I also learned it the hard way)
I can't say it enough - everyone should have a good money
protection plan. I could write a new book ;-) to get into
this big big topic, but the most often broken rule is, that
many traders don't work with stoplosses. Keep your losses
small - thats it. I know, you heard that phrases already
1000 times, but when I get into discussions with many
people, I'm seeing nearly everytime, that the trader has
no plan about his coming trade and the risk with it ...
I think many here read this book already, but it is for me
one of the best books (trading) ever written, without going
into technical analysis detail or anything else. When you
read it, you know what I mean.
Jack Schwager - Market Wizards and Part II New Market Wizards.
Look for a used book, which should sell in the US for around
5$ - trust me, that money is well invested.
BUGGI
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