Trading is like ...

Trading is like driving a car. Used properly, it gets you where you want to go. Used improperly, it causes you to suffer immediate painful injuries.

Proper trading, like driving a car, includes these items.

Car: Don’t drive into a road that has a “Do Not Enter” sign.
Trading: Don’t take trades not authorized by your Trading Plan.

Car: Keep your doors locked while driving so you don’t get car-jacked.
Trading: Use a hard stop loss order

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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