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Old 26-05-2005, 14:22   #1
Thrakos
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Discretionary trader

"Every trader usually starts out as a discretionary trader. The amount of money lost generally determines how long it takes the individual to start using technical indicators to make trading decisions. Eventually, as even employing technical indicators fails to move the trader into profitability, the trader moves into the third stage and starts to write strategies based on quantifiable data. It is at this stage that the trader ordinarily starts to make money. Finally, the strategies and money management approaches are refined and the individual becomes successful as a strategy trader."
Trading as a Business Introduction by Charlie Wright

Are you a discretionary trader?
Do you agree or disagree?

Thrakos
Dont live to win but win to live!!
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