Posted by: joetradingplace | January 9, 2013

Thought of the day

If you place a trade and you cant walk away from your desk…or you cant sleep, you are trading more than your phsyche can handle, reduce your trading size accordingly. This is not a get rich quick scheme, it takes time to be a profitable trader. So risking more than you can handle wont speed your learning process.

Letting your profits run is tough psychologically. Bur understand that in trying to protect every penny of your profit, you actually prevent yourself from making big profits.


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