بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيمِ
Assalamualaikum
You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody. This is the life of a successful trader - Dr. Alexander Elder -
Do not get greedy and rush to trade, take your time to learn. The markets will be there with more good opportunities in the months and years ahead.
You have to observe yourself and notice changes in your mental state as you trade. Write down your reasons for entering a trade and the rules for getting out of it, including MONEY MANAGEMENT rules. You must not change your plan while have an open position.
When you know how to trade, you can make your own hours, live and work wherever you please, and never answer to a boss.
An individual who wants to succeed against the giants must develop patience and eliminate greed. REMEMBER, YOUR GOAL IS TO TRADE WELL, NOT TO TRADE OFTEN.
When you take several losses in a row, take that as a signal that something is wrong. It is time to stop and rethink your analysis/method. Losers cannot stop, they keep trading because they are addicted to the excitement of the game and hoping for a big win.
When you falls down a flight of stairs, you may dust urself off and run up again. BUT when you falls out of a third storey window, you are not going to run anytime soon, you needs time to recover.
Thats it for the month of January
Mengakhiri bulan Januari dengan mengobserve my mentee ngajar class 2. Keep going guys..
- MONEY MANAGEMENT -
A good Trader watches his capital as carefully as a professional scuba diver watches his air supply.
