3M: Method, Mind & Money management;
All about greed & fear; Obama vowed to crack down on 'greed culture';
3 participants: Institute players (industry knowledge & size), floor traders (speed & control, using technical analysis) & retail speculators (most of them don't how to sell and don't follow the trend);
Priority: long term survival; steady growth of capital; making high profits;
Successful behaviour for remisiers: competent, sound integrity, sound mind, resilient & effective communicator;
What does a remisiers provide: literacy, confidence, feel & collective experience;
Key fundamentals to be becoming a successful trader: understand risk, cash flow and plan long term survival; develop a discipline for stead capital growth; develop a trading system or methodology;
DEEP (Direction; Entry; Exit; Position sizing)
1 month ago
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