Things I Try to Remember

Planned, patient trading always makes more money in the long term over quick, short term manic trading.

The currency pair doesn't HAVE to do ANYTHING after the red line crosses the blue line. It can do ANYTHING, including something you have never seen it do.

Learning a lot about a few things is a marvelous way to make a career as a trader.

Your favorite currency pair and favorite setup(s) will make you more money in the next four years than every other currency pair combined.

It is possible to get 300 pips a day on the GBP/JPY. It is also possible to lose 500 pips a day on the GBP/JPY.

Trading begins before you push the “buy/sell” key.

Trading because you want to make money is an excellent way to lose money.

You trade your beliefs, even if you think you are trading a plan.

Knowing yourself will make you more money than “knowing the market.”

Great traders are sometimes lazy people.

Posted by Rob on May 11, 2008 10:49 AM | Permalink

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