August 20th, 2008

Letting Winners Run

There is an old saying that says you should “let your profits run”.  In regards to this there are two schools of thought.  One: this is good advice and it should be followed.  Two: it is better to be consistent and follow your system and take several trades out of the long run.  The down [...]

July 18th, 2008

ONE: What Trading Really Is

When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities.  The thing you already know is that the probabilities are in the favor of the house.  When you use a trading system you are putting the advantage [...]

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