Forum: Psychology and Money Management
March 24th, 2013, 12:12 PM
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Replies: 75
Views: 19,409
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Forum: Psychology and Money Management
March 18th, 2013, 10:01 AM
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Replies: 75
Views: 19,409
"Consistency" is the word to focus on. It's...
"Consistency" is the word to focus on. It's something that unfortunately does not describe trading or the markets. In fact, one thing you can bank on is the opposite of consistency; you can expect...
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Forum: Psychology and Money Management
March 16th, 2013, 10:41 AM
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Replies: 75
Views: 19,409
It is generally understood that the best...
It is generally understood that the best traders/funds make 20-30% annual net return over a several year timeframe. Use this as a "best case scenario" in calculating whether you can afford to make...
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Forum: Psychology and Money Management
March 14th, 2013, 05:35 PM
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Replies: 75
Views: 19,409
??? I thought that's what I responded to ???
...
??? I thought that's what I responded to ???
Ok, the original post is: "is the concept of a daily target a good idea, or a bad idea"
The answer: it's a bad idea. Why? Because it's impossible....
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Forum: Psychology and Money Management
March 14th, 2013, 05:06 PM
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Replies: 75
Views: 19,409
You're making a common beginner's mistake....
You're making a common beginner's mistake. There's no way to make any predictions about what's going to happen any particular day. Some days are winners, some are losers.
The best you can do is...
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