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(22/11/2012)
babypuntz-students.blogspot.com is now free for everyone.
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(22/11/2012)
babypuntz-students.blogspot.com is now free for everyone.
Some material is not updated so you should be careful and use it at your own risk.
domingo, 17 de junho de 2012
Reading a tennis match section / temptation
Hello traders, how are you ?
Today i would like to talk about a good indicator in tennis that a lot of people don't notice.
If a player loses the point it means that the other player wins it. But if one player makes an unforced error it does not mean that the other player is playing better. I think that you got the point that i am trying to explain.
One of the worst tennis trading mistakes is backing a bad player when we think that he is playing very well, but most of times, this is not the case, its the other player that is not playing well. I can't give pratical examples but i can tell you that this advice its very easy to put in practise, especially to avoid losses : )
Don't forget this:
"Common sense is not so Common"
............................................................
Temptation - its a word that is part of trading equation.
I was very greedy when i started trading and i am still very greedy and i think that greed is a big part of my success but if you are very greedy you will make a lot of "unforced" mistakes. So how can you avoid temptation especially regarding money? Avoid temptation situations. Do you get greedy when you look at your betfair bank and see that you need 10 € left to hit 10 k and you do bad trades? What's the solution?
The answer is very simple, but i will not say it. Solve the puzzle.
One example?
Why do you eat bad food at your home? Because you buy it.
Avoid the temptation situation by not buying that food. You will not have access to it, so you will not be tempted to eat it.
Its easier to avoid the temptation situation rather than having control over temptation.
My english is not very good. I hope you got the point.
goodtrades
r9
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