Yesterday I was at the training organized by the XTB - all well-known institution in our industry. The training was organized for customers in the real bill. The training program was such that it first had to be moved about Day Trading and the second theme was the Elliott waves, nothing special I did not expect this training, but positively disappointed.
that I did not think about day trading will speak person from outside the company XTB private man who only invest on their own who sits on the market already 16 years old (Matt Golinski). How not to look to hear about the experience of such person is the same valuable information. The first part was devoted to more psychology. Some of the issues raised very well, but I knew I was not aware of them and the other for the first time I heard.
Curious - the world's greatest investor Warren Buffett is a brilliant investor, not because it reaches a huge rate of return of 100% or more per year - the secret lies in the regularity and efficiency. Its average annual profit is about 20% of what the linkage of folding the percentage has reached such property which has. Thus, it is worth asking whether our expectations of the market are real and whether or not we think about their own trading plan.
also changed the approach to take profit here on the blog that obsmarowałem - generally, Matt said something and I agree. If someone invests in a short interval, and is geared for quick pips, ie the order of about 20 pips profit is to take as the most desirable, but how you play trendowo in the long term, ie day, week, etc. Then Take Profit is not a practical Indeed it is not known where or when this trend ends so there is no point in his set.
Syndrome Another issue is the lack of patience with investors (that I knew but I was conscious). If you play a system that is based on trends that may include transactions where these trends are not looking at the eur / usd and tries to do something during the consolidation - the best solution in this case is to change currency. Besides
was thrilled about how much time (on average by. Statistics) needs a man to become a trader earning. This topic often scrolls through the forums and this is exactly three years - when someone new enters the market, and after a month or half a year after claims that he is over the hill is quickly disappointed.
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