Learn from Turtle Trading

“Good judgment comes from experience, and experience comes from bad judgment.” Barry Le Platner

All beginning traders lack one key ingredient for success: experience.  Experience is simply exposure to a particular activity over an extended period of time.  Good judgment is a by-product of experience and is necessary for success in all areas of life, from driving, cooking, golf, to surgery, etc, as well as, you guessed it, stock and options trading.  We can sum it up as follows:


Unfortunately, very few beginning traders have enough “education” money to succeed at trading because good judgment requires that a person remain focused on a specific activity long enough to draw sound conclusions.  In other words, good judgment is based on trust in the specific activity without doubting its overall effectiveness.  (more…)

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