Friday, 8 April 2011

Alexandra Elder - Trading for a Living

I just started reading the first few pages of this book.

This post is to record my learnings. In the past, I record my learnings in excel or words. Since i got a blog now, let me try recording here to see if it is better.

According to the book,  there are 3 important things for trading:
  1. Trading Psychology
  2. Trading System
  3. Money Management
Another knowledge gain: never spend more than 2% of your captial in a single trade.
    What exactly are they? How do I achieve it? I don't know for now. But I know that after reading finish, i must practise it then it will be useful.

    Theory without practical is useless.


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