Yesterday I was entered in 2 trades. As the title depicts one trade was a winner and the other was a loser but I still came out with profit in hand. During all of my training one of the major concepts stressed to me was always having a proper risk reward ratio. Meaning that whenever you set up a trade the amount that you can possibly win should always be more then the amount that you can possible lose. This was you can lose more than you win and still come out on top. Other than that not much is going on. I've been working very hard on my predictive analysis by putting my notes directly on my chart instead of just trying to remember them. Yes, it makes my charts a little busy but it also puts me in the situation where I can predict a set up a few days in advance then simply wait for price action to reach that "Kill Zone" (Buy or Sell area).  For anybody that it interested in becoming a trader here is a great quote from my mentor.

"I spent years and 10's of thousands on education. I am the exception, not the rule. I wanted to be a full time trader more than anything in the world and I was willing to do whatever I had to do to achieve that."
2/22/2011

Such a nice post.waiting for more.

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2/23/2011

Thanks for taking the time to read what i have to say. it means a lot.

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