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Practice the trading method diligently. Everybody knows that practice is a must if we desire to achieve rewards. This phase is critical because we are able to notice any market condition that can render the trading method useless. No trading strategy is perfect but there are superior trading methods presently there are inferior trading approaches. Knowing the weaknesses of the trading method will allow us to prepare the solutions. Folks just quit the trading method once they see losses instead attempting to recognize that it’s not the method but this is the market condition that renew.
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Expand your trading learning. Acquiring proper trading knowledge takes a lot of time, before the accumulative effect of this data takes solid root. Learn from the very best such as Jesse Livermore, William N. O’Neil, and Michael Covel. Read their books, study their methods and rules. Do not listen to trading tips from just anybody.
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