Originally Posted by mibl

Hi Kalenzo,

real true words - but unfortunately that is an experience everyone must make for him/herself.
It's like education of kids - if you are a kid you don't want to hear the mostly good advices from your parents - if you grow there is a time when you recognize that it could have been easier in life if you had followed these. If you are father/mother for yourself you don't understand why the kids want to get the similar trouble as you had although they need not.

On the other side - you must start with any kind of " plan" if you want to "grow up" from a beginner demo trader to a more durable profilable trader. As I said before in another posting - the successful traders (not many) I know all trade with a trading plan based on a smaller or bigger portion of the discretion factor. Unfortunately there is no Holy Grail besides discretion and market knowledge.

Best wishes
mibl