Risk!!

[aurora]

Just want to follow up on todays newletter.

I've been trading on and off for last 2 years ...

I eventually realised that the only thing I could control was the risk.
The market will do whatever it wants!!
Remember it only takes one other trader to counteract YOUR trade.

The rest of it was just a matter of finding a edge that I could use.

I must say that this is one thing I like about MTPredictor in that it the software really stresses the importance of risk.

There are plenty of systems out there but if we can't learn how to measure risk then best close up shop.

Run your business like the casinors run theirs....


For those of you who would like to understand this better.
Please "trading in the zone" by Mark Douglas.


Cheers
Kulvinder

[Matt Bowen]

Hi Kulvinder,

Great thread and thank you for posting... I agree with your recommendation on reading Mark Douglas' books:

http://www.superbookdeals.com/cgi-bin/moreinfo.cgi?item=11833&bisac=

http://www.superbookdeals.com/cgi-bin/moreinfo.cgi?item=2121&bisac=

Both books are highly recommended for new traders. Mark covers a lot of ground on Psychology. A third book I would recommend is Van Tharp's "Trade Your way to Financial Freedom:

http://www.superbookdeals.com/cgi-bin/moreinfo.cgi?item=10245&bisac=

Once again...thanks for posting,

-Matt