Durrity Magopane @DurrityMagopane
Financial Markets Trading. Bodybuilding. Boxing. Running. Forever Learning. Midrand friendship town Joined January 2013-
Tweets92
-
Followers247
-
Following1
-
Likes10
Trying to be in too many places means you're really nowhere.
The secret of success is to keep moving forward from failure to failure without losing enthusiasm.
Men fall inlove with what they see and women fall inlove with what they hear, which is why women always wear make up and men always lie.
Sometimes, when you're in a dark place. You think you've been buried but actually you've been planted.
Genesis 15: 1 Fear not, Abram: I am thy shield and thy exceeding great reward.
Glory is fleeting but obscurity is forever.
Your success as a trader will largely be based on your ability to either have a low winning percentage with big wins and small losses, or a high winning percentage with small wins and small losses.
The quickest and easiest way to answer how good the parameters of your money management system are, will be to figure out how many losing trades you can have in a row and survive.
It is position sizing and not the brilliance of entries and exits, that will ultimately determine a trader's long term profitability.
Stop losses should be placed at a price level that will not be easily reached unless your trade is not going to work out.