One man's Ten Commandments (PDF). An excerpt:
"Discipline trumps conviction. No matter how strongly you feel on a given position, you must defer to the principles of discipline when trading. Always try to define your risk and, above all, never believe that you're smarter than the market."
Article source : http://www.michaelcovel.com/archives/cat_trading_101.html
Tuesday, July 10, 2007
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