Not exact matches
Inland Steel is a
successful company well liked and
much respected in the
trade but its share
of the steel business is relatively small.
The site will contain all kinds
of things i.e. what is generally important in stock market
trading including book reviews, analysis
of people who have been
successful over the years as investors, comparisons
of some brokers and their usefulness plus
much more.
Instead, we rely on the
successful track record
of our rule - based market timing system, letting it objectively determine which side
of the market we are
trading on at any given time, and with how
much capital exposure in our model
trading portfolio.
As such,
much of the knowledge we share on this blog focuses on recapping technical chart patterns
of past stock and ETF
trades that led to
successful, profitable -LSB-...]
I bailed out when gold started to rally because I believe that
trade selection is only a small part
of successful trading... risk management is
much more important... and the first chapter in the book on risk management is, «Cut your losses and let your profits run.»
Much of their
successful core was acquired in
trades towards the end
of the «dark ages.»
Its mass was
much more
successful in absorbing the impact from the aircraft than the lightweight steel structure
of the World
Trade Center towers.
Following an exact plan with knowing exactly what to buy or sell... how
much to buy or sell... as well as when to exit with a loss or profit is the key
of successful trading.
All
successful Forex traders have a solid understanding
of price action and how to
trade it, it's a very effective stand - alone
trading strategy and will only make any other strategy or system you may use in the future that
much more effective.
Sometimes finding a
trading methodology that works for you is the hardest part
of finding success; however, there is
much more to
successful trading than good
trading techniques or systems.
I can't even tell you how many emails I get each week from people asking me questions like «Nial, how
much money do I need in my account to make $ 1,000 a month», or any number
of other similar questions that just totally miss the point
of what
successful trading is all about.
But after reading this post I think I have a better grasp on the whole concept
of what it takes to be a
successful trader and that its not how
much money you have in your account but how
much successful trades and how good your risk reward is on a
trade.
Part
of what makes traders
successful is that they don't put too
much weight on any one
trade.
Pretty
much, it boils down to having 1) a
successful, profitable company with 2) dedicated management and corporate governance and 3) the appropriate financial reporting standards that are required
of a publicly -
traded company.
I'm sure If I'll not violate these rules, I'll be
much more
successful in
trading (
of course by Nail's price action) with less effort and less stress and with better english:) Sometimes you have to be strict with yourself (others will not be) during the road to the main goal.
He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider
trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse
of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated by the educated, bonuses at
successful Wall Street's firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently moving away from public ownership
of equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated by governments and corporations, experts overrate expertise, regulatory agencies are controlled by the businesses they supposedly regulate and Wall Street is
much more fun than people give it credit for.
Your teachings inspired me to become a
successful trader someday and yet it kept my feet on the ground for I understand the reality
of trading the market that it takes a lot
of patience to wait for my edge, discipline to follow my
trading plan and risk / reward management and the right amount
of courage to enter the
trade but not too
much so i don't overtrade.