Love to lose money

It may not sound like a lot of money to you, but it surely was to me. My mentor, David Goldberg, told me that if I could make 10 bond tics every trading day of the year, at the end of the year I would be up $72,500 in my trading account. Not bad for a 23-year old kid in 1982.

It is amazing how quickly your trading account will build up over time just by making a little bit every day. If you are a new e-Mini S&Ptrad- er try to make just 5 or 6 points per day. If you can do that youll have that $72,000 at the end of the year.

don't hate your loss because loss is a part of forex business. no one trader can avoid loss in forex. but you should take experience and learning by your loss. try to avoid same mistake in next day to minimize your loss

hit singles not home runs

Just as I dont know of any successful specu- lators, I dont know of any trader who goes into a trade expecting to hit a home run and then actually having it happen.

You should never approach a trade with the idea that its going to be a huge winner. Sometimes they turn out that way, but the times that I have a hit a home run on a position is most definitely luck, not skill.

My intent on the trade was to produce a small winner but, because I had the trade on, and at the same time (as luck would have it), the Fed unexpectedly entered the market, I unwittingly had a huge winner. This probably has happened to me less than five times in 20 years.

consistency builds confidence and control

How nice is it to be able to turn on your PC in the morning knowing that if you play by the Rules, trade with discipline and stick to your methodology, the proba- bility of a successful day is high.

Ive had years where I could count on one hand the number of losing days that I had. Dont you think that this consistency allowed me to be extremely confident? I knew that I was going to make money on any given day.

Why would I think otherwise? Making a little bit everyday (Rules #18 and #19) will allow you to trade throughout the trading ses- sion with confidence and control.

Remember Rule #9: If you make a little bit every day, then you have earned the right to trade bigger. Thus, by following the Rules of Discipline, your little bit can soon turn into much more profitable days.

My dear friend lagta hai ap ko paison k nuksan sa boht faida ho raha hai agar boht faltu paise han to kisi gareeb ko da do or agar ap ko love to lose money itna hi pasand hai to forex k bad ap ka mind change ho jae ga.

nahee mere bhai lagta hai continue losses se in ka damag kuch mutaasir ho gia hai is liye ye behki behki baatain kar rahe hain

dear friend asslamuaylakum deara ap ko is mea jitma loss hu ga ap is mea utne he is mea learn kare ge aur ap ke leya is mea kam akrne utna he behter hu ga aur ap is sew bhot acha kam akr sakt ehja is leya is smea kam kare