How?

…a work in progress…
I did my first trade in early 1999 and the only trading plan I had put together in my head was – buy any tech stock and hold it until I retire. It was a time in market history that anyone could be a trading genius…and I thought I was! It was so simple and successful….for a while. By 2002 I had blown my trading account. I took about a 2 year break to build-up another trading account….and did a lot of reading.

It was during this break that I found out about candlesticks. Something clicked for me and I was able “see” charts much clearer. I found a lot of candlestick scans for TCnet so I was scanning, refining and scanning again…and learning. My focus changed from a mixed fundamental & technical approach to strictly technical analysis.

I began creating charts with just about every indicator I could find. I went through a short spurt of paper-trading, but it never felt “real.” I was always able to make money while paper-trading, but it didn’t follow-through when I used real money.

I think the toughest part about trying to become a successful trader is creating the rules to use while trading. No, I take that back, it’s following the rules you create…that’s the toughest.

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