that the market is unpredictable. As we have just seen the stock market ( February- March 2007) can affect the volatility of the market.
Have your money and trading rules in mind before entering into any trade. Trade a percentage of your account that you are comfortable with and that will not leave you with a margin call if the market does take a major dip.
Have your exit strategies in mind before entering your trades as well. Don't be greedy. There are fortunes to be made in the market but fortunes have also been lost here.
The key to success in this or any trading market is to know what level of risk that you are comfortable with and to trade with your money rules in mind and not your ego.
Trade to make a profit not to get high or pat yourself on the back for your own brilliance at the occasional slam dunk.
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