Tuesday, August 4, 2009

Rule of game

Statistically speaking, trading is a game with 10% winner, 20% flat and the rest losers. The 1st rule in this game is that you have to be in this game to play. Your 1st job is to control your risk and don't put all your eggs in a single basket. To me and from what I have learned in a hard way, position sizing is the most important key that you are able to do and you are able to do well.

This simple rule will at least pull you out of losers long term.

I read today's post on xtrend and wish Sol best luck!

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