Comments on: 5 Expensive Words http://www.thestockbandit.net/2006/04/12/expensive-words/ Trading blog with trading insights, discussion on swing trading, day trading, and trading psychology. Fri, 16 May 2008 04:25:53 +0000 http://wordpress.org/?v=2.0.9 by: TheStockBandit.net » One Year Ago This Week - April 2006 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-6376 Sat, 14 Apr 2007 21:56:48 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-6376 [...] Don’t say these 5 Expensive Words! They rarely pay off, and yet we’ve all said them at times… [...] […] Don’t say these 5 Expensive Words! They rarely pay off, and yet we’ve all said them at times… […]

]]> by: TheStockBandit.net » Stop It! http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-1688 Wed, 06 Sep 2006 14:57:28 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-1688 [...] Not anymore - I’m past that, and thankful that I finally realized it. It took some time, probably because of the irony of it all. Who would have thought that the best traders’ real key to consistent profits in the market all boils down to humility and their ability to get out of a trades when they need to the most? What happened to bravado and having the guts to take the plunge and go big when you really feel you’re right? Is that not how the best traders do it? Occasionally that approach might give you a windfall profit, but what happens when you’re wrong (and you WILL be)? If you don’t have an exit plan, you’re gonna be toast. It’ll be Hammer Time for your account, and it won’t be pretty or fun! [...] […] Not anymore - I’m past that, and thankful that I finally realized it. It took some time, probably because of the irony of it all. Who would have thought that the best traders’ real key to consistent profits in the market all boils down to humility and their ability to get out of a trades when they need to the most? What happened to bravado and having the guts to take the plunge and go big when you really feel you’re right? Is that not how the best traders do it? Occasionally that approach might give you a windfall profit, but what happens when you’re wrong (and you WILL be)? If you don’t have an exit plan, you’re gonna be toast. It’ll be Hammer Time for your account, and it won’t be pretty or fun! […]

]]> by: Administrator http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-149 Mon, 24 Apr 2006 16:41:31 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-149 Great input guys, thanks for your comments. I certainly agree....trading is a business, and implementing stops habitually is the best way to always keep your risk in check. Jeff Great input guys, thanks for your comments. I certainly agree….trading is a business, and implementing stops habitually is the best way to always keep your risk in check.

Jeff

]]> by: Andy http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-143 Mon, 24 Apr 2006 14:10:59 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-143 Simple but probably the most important thing you can do. I've found that using stop losses on every trade from day 1 has drilled me to do it without thinking. It has just become second nature to calculate where my stop will go before deciding position size. Discipline! Simple but probably the most important thing you can do.

I’ve found that using stop losses on every trade from day 1 has drilled me to do it without thinking. It has just become second nature to calculate where my stop will go before deciding position size.

Discipline!

]]> by: Moritz http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-85 Mon, 17 Apr 2006 19:26:32 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-85 don't trade unless you CAN treat it like a business would be my advice. don’t trade unless you CAN treat it like a business would be my advice.

]]> by: Black http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-77 Wed, 12 Apr 2006 21:27:17 +0000 http://www.thestockbandit.net/2006/04/12/expensive-words/#comment-77 Hi Jeff, Sound words but unfortuntely not many people can run their trading like a business. I suppose that is why there is money to be made in trading. Best regards Hi Jeff,

Sound words but unfortuntely not many people can run their trading like a business. I suppose that is why there is money to be made in trading.

Best regards

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