Parting Thoughts
Parting thoughts from Jeffrey Kennedy…
What does it take to become a consistently successful trader? It takes having a clearly defined trading methodology and the discipline to follow it, money management rules, patience, and realistic expectations. Lacking even one of these elements will not only make it impossible to succeed at trading, but it will also hurt your bottom line.
Let me give one example to show why discipline is important. By discipline, I mean the ability to stay with your trading plan rather than to follow the crowd, which loses money by buying at high prices and selling at low prices. At the end of 2009, ...
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