A few friends gathered and started a daily MSN room to chat about possible trades, targets and the like. And while we are all learning, and making mistakes I came up with a little 'motto'/credo if you will which everyone agrees on.
So repeat after me 1000 times:
I will only take SURE trades. I will take only trades that I'm confident. That means when I enter a trade I would have my TP, SL figured and plan out. I will not chase or jump in or take any other trade besides a SURE trade because Discipline is my friend. The TREND is my best friend.
Friday, June 13, 2008
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