Saturday, December 18, 2010


"I’ve observed that very few people operate according to a plan.  In the micro sense, too many traders are undisciplined in their trading.  They try to pick tops only to have the market keep rallying, or they buy what they think is a dip, only to have the market fall some more.  They can not manage their risk, their capital, or themselves.  This need to have a trading plan is as important for the novice trader as it is for the experienced professional, and vice versa."

-Mark Fisher

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