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Old 05-08-2007, 08:29 AM   #4 (permalink)
JoseLeon
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Join Date: Feb 2007
Location: South of Spain
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Default Re: The learning cycle for a newbie trader

Quote:
Originally Posted by Jude View Post
so which level are you at now Jose?
I am in the level that I trade with discipline and method, without trying to get a lot of profit daily and with few indicators, knowing that it's not good changing from one strategy to another or placing more and more indicators, and that nobody can be sure about this market, even the best traders will lose from time to time. If I lose pips I don't mind and I don't try to recover these pips immediately (or I will lose more pips with few discipline), I know that the next time I can win. This day was not good

I use the money management. I think that it's the most important. Following a method with full discipline and with money management I think that it gives good results.

I am only trading with the 4 major pairs with a strategy, placing "stop loss" and "take profit" and then I turn off the broker or I don't watch it so much. During the day I will see if I won or not, nothing more. I don't like to be on the screen all day.

But I must learn a lot yet, I am a newbie (only some months) and I am only trying that strategy with discipline.
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Last edited by JoseLeon : 05-08-2007 at 08:54 AM.
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