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03 August 2007

Wisdom

Wisdom

I read a paper without a title nor an author or whatever notice where I've got it. It throws around for some time and today I've decided to read it finally.

And I found few sentences that each trader must hammer on the screen keeping one of the eyes on it all the time trading.

Here they are:

  • The first, biggest and worst enemy of any trader is its own opinion about where the market is going.
  • The next biggest enemy are opinions of friends/brokers about where the market is going.

Simple!

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