Fast_Money: Know When To Fold'em

Monday, September 28, 2009

Know When To Fold'em

Remember, though trends tend to continue, nothing goes on forever and if you are going to be a successful trader, you are going to have to remind yourself that neither price nor trend heads in the same direction perpetually. In order to trade successfully you have got to be flexible. Know when to hold em' know when to fold em, know when to walk away and know when to grab your profits and run.Trade Fast.

THIS COULD BE RE WRITTEN FOR FAST MONEY TRADING

Kenny Rogers - The Gambler

http://www.youtube.com/watch?v=kc0xQfi4vPA

Year 1978

Some of you have ask me to do a blog on candlestick, sorry I don't plan to do a blog on candlestick formations for fast money trading. It is just not important.
For a more in-dept look at candles read any of Steve Nison's Japanese Candle Trading books available on-line or at your local library.
Remember a consistently profitable trader spends more time waiting for valid entry signal than actually trading and that is a whole discipline unto itself
FAST TRADING to you.

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I hope you will learn from my years experience as a professional trader.

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Monday, September 28, 2009

Know When To Fold'em

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