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Trading Report Card – May 10
By Dr Wealth  •  June 1, 2010
Stocks

A loss in stocks for a consecutive month and this month was worse than the last. Even though I cut down on my trades, I did not cut down on the position size. In an uncertain market during the Apr-May period, I should trade with a much smaller size so that I err on the safe side. But I did not because I was unsatisfied of the potential profits if I win. My trades were driven by greed and this is dangerous and definitely a wrong mentality. I should approach it in 180 degrees change in perspective – Market is uncertain, the probability of win is not that high. I should sit out or if I want to try the best potential stock, I should play with a small amount. Forex Read more...
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