Thursday, January 17, 2008

20080117

Mark Douglas:

 

“There's something else about the nature of trading that makes it easy to escape the responsibility that comes with creating structure in favour of trading randomly: It is the fact that any trade has the potential to be a winner, even a big winner. That big winning trade can come your way whether you are a great analyst or a lousy one; whether you do or don't take responsibility. It takes effort to create the kind of disciplined approach that is necessary to become a consistent winner.”

 

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