Thursday, September 10, 2009

Stock Trader Trading Tips For The Newbie

“The secret to success is consistency of purpose.” This means, you must create separate tactics for establishing positions and closing them.

But when I am done it will all make perfect sense.

Successful traders calculate risk and make decisions that lower their risk exposure. Successful traders abhor losing money and manage their losses before they become too great, even if that entails throwing in the towel and acknowledging they made an incorrect call.

Is one you will really get plenty of benefit from.

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