winner winner chicken dinner

following a specific set of rules and don't let your emotion give in.

wining in the black jack table or trading.

it is not gambling. that's why some people suck at trading, and for that matter suck at life.

I told my rules to many people, some ignored them, some questioned them.
that is all fine, most did not spend time study them nor back testing them. thus never really take the rules to their hearts, understand them and start applying them.

story 1: I told every bit of my rules to a dude, he took them, make some trades WITH me, made some money. then I vanished, couple moths later, I checked he lost money again and again. why? he did not follow the rules, he had no faith in applying the rules and gave up after couple of losing trades.

people! we are dealing with probability here!
1) go in when probability is on your side
2) get out when your rules tell you to
3) there are still losers even you follow the rule to the T, because it is probability, it is statistics, there are times when the trade goes to the fringes of a normal distribution curve, and those are your losers.

REMEMBER!


thought I said I lose more often than win, I make more money.