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Michael Dannenfeldt Rank: 33 Followers: 46 Votes: 120 Years Member: 4 Last Update: 23 May 2013, 20:44 Categories: Fibonacci Studies
Market Timing
General Market Commentary

Daily Comments on Markets and Trades. These charts and comments are for people looking for trading/capital preservation ideas... Aetas: carpe diem, quam minimum credula postero. My trading rules: 1. Trade the trend 2. Use stops! That's easy to say, but let me tell you what that really means because this is where most people fail at trading. Don't be a buyer until you're comfortable with the loss you may need to take at a predetermined spot to protect the ability to trade another day. 3. Let your winners run!
When I as a trader realized I wasn't taking a small loss on a trade what I was doing was protecting my capital so I could stay a trader...I became successful. That success is what I now share with you.

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