Mark Weinstein

After suffering heavy losses in trading career Weinstein, he later gained a stunning success in the next trading-trading.He entered a competition organized by some brokers, such as COBE and within three months of 100,000 to transform the fund $ 900,000 and he claims to have never experienced loss (defeat) during the competition.7 basic rules of the Weinstein Trading is as follows:


1. Extra study to learn the basics and essential details about the instrument you are trading.2. Most successful traders is a humble person & not arrogant. If you are arrogant then you have the chance to experience losses due less alert in the matter of risk management for being too confident to beat the market.3. Understand your limitations and advantages as a trader. Knowing your weaknesses, be useful to minimize the risk in trading.4. Possess a good mindset and otherwise do not be afraid to put Stop Loss. Most traders are afraid to lose, and they have the mental make a coward, not a winner.5. Be patient and wait for ideal conditions to present themselves before entering the trading signals. Understanding when to enter and when to exit the market are both equally important, and this point is a logical point.6. Your trading strategy should be flexible and should easily adapt to market changes. A dynamic trading strategy needed to win because of changes in the market may continue to occur, so that your trading strategy should be flexible to compete with it.7. After obtaining a profit, should not become complacent or arrogant. One of the hardest part of trading is to keep the profit that has been achieved to avoid losing them. Most traders have a direct profit loss.
Patience"I rarely lose money, because I was waiting for the right" said Mark.Kebanyakan people will not wait too long or can not wait for the right time to enter the market. They will walk into the woods when it was still dark, while I waituntil the day terang.Meskipun cheetah is the fastest animal in the world and can catch any jungle animal, he would wait until it is completely confident that it can catch its prey. Cheetah may be hiding in the bush for a week, waiting for the tepat.Ia may be waiting a baby deer, and if it does not appear the baby deer, then he will wait for other animals who are sick or lame. Only later, when there is a chance the cheetah is fearless she will take that chance. That is the hallmark of a professional trader ".
Why Mark could have a significant advantage?"I have a real fear of the market. I have found that good traders are the ones most afraid of the market. My fear of the marketplace has forced me to hone my time with careful consideration. When I was trading correctly, this is like swimmer who completed the match pool."If I feel the market is not a good situation, I would not trade".
Luck in the market ..."I do not believe there has ever lost because of bad luck, there must be another reason. Either you are wrong to predict a trend, or you have no experience. There is always a mistake involved."
The most important element to position trading."I'm always looking for markets lost momentum, and then, to find a market or other instruments. So for example you do not find a good moment for trading on the GBPUSD, then you can probably find moments in the EURUSD.
ConclusionThe explanation above is the special counsel and the best for the big traders, the emphasis on patience and waiting for the right trading opportunity is something to be traders have. The core of the system Mark is looking for the best opportunities and entry in the right position.A trader should also be able to manage the funds and manage risk. Risk of loss should be calculated and measured properly.