forex93 Posted February 19, 2011 Report Posted February 19, 2011 C,mon guys let's get real with this Mark Deaton huckster. Every month he comes out with the latest, greatest trading system. His bollinger band system is OK and you can make money with it as you can with many systems on this forum. I bought into one of his deals a couple of years ago when he was pushing a subscription website(Tradingdomination) on which he made many promises but once he got everybody's money he basically abandoned the website and did not fulfill any of his promises. Since then every month I get a solicitation for the next greatest trading system. A trading system is only about 10% of the equation anyway. Without discipline, risk management and money management, all the trading systems in the world won't make you money. One of the greatest quotes I've ever heard is: "control risk and the profits will take care of themselves". It pains me to see so many people on this forum looking for the next great trading system, because THERE ISN'T ONE. It's better to be studying trader psychology--because that's why people fail, not the trading system. It's in our makeup to take quick profits and let losers get too big. When we can learn to control risk, the profits will come. Sounds easy, but it's not--that's why most traders lose money. Sesshoumaru, PIPHORE and forexmaniac84 3
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