Einstein once said that "if you don't know where you are going, it does not matter which way you choose". I agree. You got to have a clear trading plan otherwise it is just gambling. Put stop loss in the system or at least determine the red line in your mind. Set TP targets and implement a money management strategy.
- #2
- Last Post: Jul 26, 2012 5:40am Jul 26, 2012 5:40am
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
Soz man ... was that Einstein really? I thought it was that deranged mog from Alice in Wonderland. A few decades before Einstein!! 
Cheshire Puss, she began, rather timidly, as she did not at all know whether it would like the name: however, it only grinned a little wider.
'Come, it's pleased so far,' thought Alice, and she went on.
-Would you tell me, please, which way I ought to go from here?
-That depends a good deal on where you want to get to, said the Cat.
-I don't much care where - said Alice.
-Then it doesn't matter which way you go - said the Cat.
... so long as I get somewhere, Alice added as an explanation.
Oh, you're sure to do that - said the Cat - if you only walk long enough.
Good luck with the plan anyway!
Cheshire Puss, she began, rather timidly, as she did not at all know whether it would like the name: however, it only grinned a little wider.
'Come, it's pleased so far,' thought Alice, and she went on.
-Would you tell me, please, which way I ought to go from here?
-That depends a good deal on where you want to get to, said the Cat.
-I don't much care where - said Alice.
-Then it doesn't matter which way you go - said the Cat.
... so long as I get somewhere, Alice added as an explanation.
Oh, you're sure to do that - said the Cat - if you only walk long enough.
Good luck with the plan anyway!
Einstein once said that if you don't know where you are going, it does not matter which way you go. I agree.
forget about tomorrow, just steal away into the night