What? you don’t know what it is
Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage and effect outcomes in manufacturing environments. You’re saying, How in the heck will this help my trading? Well it can, if you [...]
by admin on August 17, 2010
tagged
Emotion,
Environments,
Failure,
Heck,
Knowledge,
Log Entries,
Management Principles,
Manufacturing Management,
Maximum Effort,
Pareto Chart,
Pareto Charts,
Problem Areas,
Psychology,
Reason,
Root Cause Analysis,
Success,
Tool Managers,
Trades,
Valuable Tool
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]
by admin on January 26, 2010
tagged
Common Ailments,
Confidence,
Contracts,
Ego,
Failure,
Impulse,
Losses,
Mistake,
Precise Rules,
State Of Denial,
Stress