In the 1960s, market conditions were similar to the 1990s mania, Dick says, everything was going up in price. He used it to his advantage and “rode the wave,” as he puts it, between 1965 and 1968. That year, 1968, he made $900,000.

The next year, the bull market ended and Dick lost 70% of his capital.

That’s when he realized making a living as a professional trader means winning on both the long and short sides of the market. After all, bear markets are not "bad"; they're simply part of the natural market cycle. The reality is markets go up and down; you must be equally adept at finding opportunities no matter their direction.

Put simply, Dick says the trick to making money consistently as a professional trader is learning to successfully trade both sides of the trend. But doing so is easier said than done – that's why Dick's 40-year career is nothing short of legendary.

Diamond spends two full days in the course showing you in detail how he picks his 80/20 trades – and then he trades them LIVE – right before your eyes.

As for Diamond's other rule – be defensive – it's the exact same skill that makes a good driver: being defensive on the road. Assume other drivers can’t see you, and your chances of staying out of trouble increase dramatically.

Here's what defensive trading means to Diamond (among other things):

* Trade small. If you trade futures (he trades e-mini, the “mini” version of the S&P 500’s futures), start by trading just one contract. Then gradually increase the size to what Diamond calls your core position – that’s the size of the trade that you don’t lose sleep over at night.
* Reduce your position size when you lose AND when you win. Cutting back when you’re losing is a no-brainer, but let me explain Diamond's approach to winning. On those days when he suddenly starts making 2-3 times more on each trade than he normally makes, Diamond reduces the size of his trades! He knows that you tend to be most vulnerable when you are doing well. Winner’s hubris has destroyed many success stories.
* Don’t worry about “leaving money on the table.” The easiest time to get out of the trade, teaches Diamond, is when the market is moving in your direction. Don’t wait for it to go against you. Get out early, say thank you – and come back for seconds!
* Forget the word “hope.” Hope is the antipode of discipline, says Diamond, and hope is what kills most traders. Stop hoping that a loss will turn into a profit, or that a small profit will turn into a bigger one. Take that profit. Take that loss. Don’t just sit there.

Some people say that speculating in the markets is just gambling. No, says Diamond. The difference between a trader and a gambler is control. When a gambler throws the dice, he gives up control over his future. A good trader never does.

t

Аллигатор
дает сильный

hahahahahahahaha fajny tekst:)))
see you later alligator

jezeli z 1.4230 powstanie opor i para zamknie sie ponizej to mozna oczekiwac jazdy do 1.4
i podobnych przepychanek na tym poziomie, 1.4 to pkt zwrotny - albo 1.3750 albo powrot do
jazdy w kierunku 1.45

tak, na ten moment rynek na NY chyba się zastanawia co dalej................wzrostów imponujących nie ma, raczej konsolidacja................na dziś 1,4250 - 1,420o
poziom 1.4230 to może byc wazny opor testowany wlaśnie...chyba da radę obronic

Ostatnie moje swejście na forum.poskutkowalo kopem na GBP...widze, że znów isę ruszyl
Teraz mam nadzieje, że eur/usd........podązy sladem cabla:)))

| 83.14.123.* | 9999999
co za wredne babsko z tej greestar!!! Irons pomaga innym i dzieli sie swoja wiedza tak by
inni też mogli zarabiac..... a green mysli tylko o sobie, by tylko ona zarabiała....
CHCIWOŚĆ I PAZERNOŚĆ CIE ZJADA KOBIET0

te.................spam

2009-08-20 12:33:04 | 85.222.86.* | sorryy -:-)))
no tak......wybacz,pomyslalem o Los Alamos

nastpnz-a jelen-_nica do zlowienia..................

boj się o swoj Los...................bo z gereen się nie zadziera.