Trade Ideas

Knocked Down but Never Out in 2010

It’s December again, and you know what that means – time to rest up, eat some bunnies, and hit the clubs with my man Big Pippin! But before I go off for a lil’ R&R, I will leave you with a review of my trading over the past calendar year.

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The six steps to my entries

DECIDE, my three C’s and my three R’s are still all tools I use to this day, some twenty years into my trading. DECIDE stands for Direction, Entry, Chart, Investigate, Deal, and Exits. The first step, Direction, includes something that I have been covering a great deal as of late which is Directional Bias.

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That’s what trading is; it’s going against standard human emotions. As a trader, you are continually going up against your own emotional limitations. That is why so few people succeed in trading.Amrit Sall