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terça-feira, 7 de junho de 2011

A lot of games to trade at the same time but...

Hello,

27. MAXIMIZE GAINS, NOT THE NUMBER OF WINS
Eckhardt explains that human nature does not operate to maximize gain but rather the chance of a gain.
The problem with this is that it implies a lack of focus on the magnitudes of gains (and losses)-a flaw that
leads to nonoptimal performance results. Eckhardt bluntly concludes: "The success rate of trades is the least
important performance statistic and may even be inversely related to performance." Yass echoes a similar
theme: "The basic concept that applies to both poker and option trading is that the primary object is not
winning the most hands, but rather maximizing your gains."

from The New Market Wizards by Jack D. Schwager 
(recommended read)

Avoid trading more then one game at the same time. Focus in the game you are trading and you will be sucessfull.

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