Risk Management.

[#1]

There was this guy called Bert Seligman.He traded 10% of the Dow's Daily Volume in the 1930s.He was from the famous Seligman banking family.He never consulted a chart.He cared not for a balance sheet. He made continuous buckets of money.Personality ? None.### Which brings me to my point >>> Do you live the 'Day?" Do you camp on a computer ? Do you know how money works? Show me your Scars....no scars ? No entry. Risk-management and the 1000-mile stare.You there ? Welcome to the 20% Club.Yes...statistically, only 20% of Traders survive the Learning Curve.I've had 2 wipeouts.2003 and 2007.Since then...fine. You ?

[#2]

I'm - no wipe outs this side. I quess Risk Management is helping.

[#3]

Aaaah...you are One with your Universe.very good.

[SimonPB]

i would say less then 20% .. more imporeant is that all one really nneeds is the price .. all the TA stuff merely complicates ..

[#5]

Thanx - i think i love my universe.

[#6]

Simon Says...yes old chap,you're quite correct.It's a brutual curve,innit ? Yeah. Just grateful to be able to trade.Mmm...the Zarp goes humble...front Page news ?

[asylum]

yep agree with you simon, price is all you need, from there you can work out which way the trend is going.

[DST]

2003, 2007 - next one 2011 surely? Come on Zarpster, there is a book in you - sign up on tickertalk.co.za and write it for the young and impressionable...

[john_1]

Lets face it..wipe outs are highly over rated...Point and figure charts..now that is the real game in town..you know I learnt that from you. Price is not a function of time..and that is the point! trade price.

[john_1]

sounds like that morning beer was time well spent.

[Torres]

Are we talking day trading or long term investments? What about research and fundamentals before making your decision?

[Rams]

Long term investment wiped out in 2007!July 2010 was just as good as july 2008!Money in the bank, well at least you will have a lot more to battle inflation with.

[#13]

True that.

[#14]

I'm a swing trader.Not a Day trader.

[#15]

More like a Stephen King novel...heh.