hot copper, page-25

Person, don't bother looking up Clark Kent. He was an avid "buy and hold" type during the 08 mess. He was always going on about how good "buy and hold" and "value" methods are. Completely the wrong strategy for the time. The reason he isn't here any more is because he couldn't be civil about his method being wrong. Spent his spare time belittling people.

To become a successful trader, you will need to develop a couple of proven and tested systems that work in different market conditions. Then all you have to do is observe the market and use the appropriate system.

There are many ways to test a system but I read an interesting idea the other day. Test you system by trading a demo account. You should triple a demo account twice with a system before taking it live. It might take time to do but no point putting money in the market until something is proven to have an edge.

Sitting on your hands doing nothing is also a valid system. I have spend the lower volatility periods of this year improving real estate rather than trading.

As JD mentioned, a 9k lesson is cheap. Always review your trades to see what you did right or wrong. You can't predict the market. All you can do is minimize risk and PROTECT capital.