Chuck reads a couple of trading books, buys a new computer, opens an online brokerage account, and starts daytrading. "Wealth beyond belief," Chuck thinks, "is just a few short months away. I know it, because lots of other people are doing it." He vows not to fall into the trap that many newer traders fall into. He breaks out his trusty calculator, and carefully plots out how much he's going to risk on each trade--what his commissions will be, his risk/reward ratio---he has everything figured out.
A few months later, Chuck's account blows up. He picks up another couple of books, attends a seminar or two, and tries it all over again. Several months later -- kaboom! This time, Chuck buys an expensive trading system; he's sure that he now has the "Holy Grail." "I'm just gonna let the program tell me what to do," he says. Thinking the entire time of the boat he's going to buy, and all the blue-water fishing he'll soon be doing. After another few months, Chuck explodes again.
What went wrong?
c/p - Trading Markets
Post je objavljen 19.04.2006. u 07:08 sati.