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fajny tytul wywiadu:)
Dodano po 22 godzinach 33 minutach:
I can't give all of Diamond's secrets away – he is a former Marine (not someone you want on your bad side) – but if I had to boil it down to two things, it's these:
* Diamond likes to take only what he calls 80/20 trades – that is, only those trades where his odds of winning are at least 80%.
* His second rule is this: Be defensive, and offense will take care of itself.
The first rule strikes a chord, because one of my biggest personal problems is lack of patience. I like to trade, and I want to trade. Waiting around for a perfect trade set-up is hard for me.
Interestingly, Diamond says that on the intraday timeframe – that is, 2- to 10-minute charts – he finds at least two 80/20 trades per day, on average.
I can live with that.
Diamond spends two full days in the course showing you in detail how he picks his 80/20 trades – and then he trades them LIVE – right before your eyes.
As for Diamond's other rule – be defensive – it's the exact same skill that makes a good driver: being defensive on the road. Assume other drivers can’t see you, and your chances of staying out of trouble increase dramatically.
Here's what defensive trading means to Diamond (among other things):
* Trade small. If you trade futures (he trades e-mini, the “mini” version of the S&P 500’s futures), start by trading just one contract. Then gradually increase the size to what Diamond calls your core position – that’s the size of the trade that you don’t lose sleep over at night.
* Reduce your position size when you lose AND when you win. Cutting back when you’re losing is a no-brainer, but let me explain Diamond's approach to winning. On those days when he suddenly starts making 2-3 times more on each trade than he normally makes, Diamond reduces the size of his trades! He knows that you tend to be most vulnerable when you are doing well. Winner’s hubris has destroyed many success stories.
* Don’t worry about “leaving money on the table.” The easiest time to get out of the trade, teaches Diamond, is when the market is moving in your direction. Don’t wait for it to go against you. Get out early, say thank you – and come back for seconds!
* Forget the word “hope.” Hope is the antipode of discipline, says Diamond, and hope is what kills most traders. Stop hoping that a loss will turn into a profit, or that a small profit will turn into a bigger one. Take that profit. Take that loss. Don’t just sit there.
Some people say that speculating in the markets is just gambling. No, says Diamond. The difference between a trader and a gambler is control. When a gambler throws the dice, he gives up control over his future. A good trader never does.
That's what Dick Diamond taught me.
If you want to trade actively – at least a couple positions a day like Diamond – I highly recommend you give his course a look.
I'm confident you'll look back two years from now, like I did, and realize it has made a difference in your trading.
Proste rzeczy, ale moze komus sie przyda:)
Zapraszam do czytania moich artykułów "Jak zarabiać co najmniej 100% rocznie na rynku Forex" na portalu Comparic.pl