As for the traders who are just starting out, Gary believes that beginners should not take high risks to their initial trading. With their small capital, they may be impacted by this kerugian.Setelah happens, they will then have to work very hard to earn back their money loss.
Therefore, at this stage, a beginner should be selective on the amount of risk they take with smaller leverage. Over time, if it is a consistent profit, then they can increase their lot size.
Bill Lipschutz - uncovering the unconscious in trading
"I do not trade based on dreams or rumors. I am a trader who has no foundation.'m Trying to gather the facts and decide what kind of scenario that I thought would be revealed" Bill Lipschutz, in the book Market Wizards.
When Bill had a dream about a balance in demand and supply of dollars, then he does not take action based on his dream. However, her dreams come to life again the next day, the trade figures are exactly matched his dreams and matching prices with dream sequences. However, the Bill does not take trading positions. Why?
It boils down to the fact that Bill has the discipline to follow the basic principle of placing an order only to the calculation. He's always going to analyze the facts to determine the justification for trading before placing one position. Bill's room there is a 24-hour monitor screen that allows you to determine the direction of the market, taking a position for material analysis and numbers to order. Nevertheless, Bill insisted on standing for only follow fundamental indicators.
Related Posts