from a newbie,thoughts on xjo content , page-10

The best method of risk management in the SPI,is if your getting it wrong , get up and get away from it. Calm down and take some time to figure out why your aproach is not right on the day.Thats what I do. days where I have had big draw downs are days when I have contiuned to believe I will be right sooner or later.Instead of just leaving it alone untill I can figure out the best way to tackel it.
You can't be right all the time and nobody ever is .
I think alot of people start out with the notion that the most suscessful people in the industry know things everybody else doesnt ..and then try spending 1000's of hrs trying to get an edge that just isn't there ...the real edge is as Robb says patience and confidence, and don't try to trade in the middle of a range where the risk is greatest, no rush.. let the market come to you and if if dosent it's telling you something and you can make a trade later on that basis.All the info you ever need is right there in front of you , these computers put it right there right now, read it and you'll win.