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Second best advice

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SimonPB
Valued Contributor
Iâ_Tve questioned myself numerous times about what is the best advice one can give to new trader. Of course, without any doubt, is to have stop loss and to stick to it. However, this advice is related to traderâ_Ts risk management, as well as few other things, but they need completely different blog post.

So, today I would like to point to THE SECOND BEST advice one can give to a beginner:

http://tickertalk.co.za/blog.php?user=ALSITRADER&blogentry_id=2716
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5 REPLIES 5
ACEP_
Regular Contributor
Well then the 3rd best piece of advice is if your trade doesn't trigger then ensure you cancel it! Like now today to have found you had an alsi short triggered hurts! Maybe included in that advise is click the SMS box!
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SimonPB
Valued Contributor
that needs to be part of your proce4ss .. ensuring all trades are cancelled at EOD ..
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ACEP_
Regular Contributor
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THRESHOLD
Super Contributor
Make sure your psychologist has a comfy couch!
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Not applicable
Rather make sure you are the psychologist WITH the comfy couch and trade opposite to what your clients are telling you. I see a double hedge strategy. You get their money to tell you their story and you use their money to make good on what they did wrong.... hmm, I was thinking about studying strawberry and nut farming but now I have to reconsider.
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