Page 43 - e_tr08_2012

Basic HTML Version

How to Stay on the Correct Side of the Trend
Follow the Easy Money
We are in such a dynamic occupation that we need to have some type of structure to follow. In
our industry we can lose money and make money really fast. As new day traders there are times
when we take on more losses, because we feel we have to trade every day to make money. This
can happen because we are not trading with the trend. We should leave countertrend trading to
the more advanced day traders. As trend trader’s our profit targets are easier to reach and we
can let our winners run.