P1: a/b c08
August 12, 2008
Printer: Yet to come
TRADING THE PLAN
FIGURE 8.2 Long Trade Execution
What I Have Learned Although I could have gained more from the second unit, I followed my trading plan which I have learned from Dynamic Trading Workshop. I am very successful with this approach and the most important thing I have learned so far is to do your homework, make all price and time projections, and wait. I waited for this trade to the point where I had all the conditions in place. I think this is why this trade was so profitable. Trading is not an easy business. You must work hard and wait for the best opportunity. I discovered that patience and hard work is the key to success. Patience is also necessary for proper money management and not to overtrade so in case of multiple losses in a row, you can be there for tomorrow.
Robertâ€™s Follow-Up Adam had the patience and discipline to wait for an ideal setup. All of the factors were in place December 20 for a potential ABC corrective low. Most important, Adam had a