12-04-2006, 23:08
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#9
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level 1
Join Date: Mar 2006
Posts: 10
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Re: Interested in starting out
"
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading... I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.
.................................................. .........Victor Sperandeo"
Oh my god this is so true. Impulsive trades have been my downfall in the last couple of weeks.
I also think the less is more approach works better. When I knew little, I did ok. When I learned more, I did worse - information paralysis or information stupidity 
Didn't einstien define stupidity as doing something the same way over and over again but expecting different results. 
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