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LIMIT 2008 CLOSE

55 PIPS HIT TP

XAUUSD TP 1 HIT 40 PIPS

2005.50 enter

XAUUSD SELL 2004 Limit 2008 SL 2014 TP 2000 TP 1990

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If I were beginning my Wall Street career knew what forty years of it have taught me, I should ap- ply myself first of all to this business of judging and forecasting the stock market by its own action. It is some- thing that requires long study and continuous practice. Practice in actual trading; paper trading lacks the ele- ment of risk. The feeling of uncertainty and of danger, the hope of profit, as well as the fear of loss--these are all obstacles to be overcome by anyone who desires to master the subject. In doing this he must risk his money; he must subject himself to all the emotions that accom- pany regular trades. After he has made hundreds of trades he may find that he is one who can work without hope or fear. He will gather experience from long series of trans- actions, each requiring a summarizing of the factors upon which decisions are based; each demanding that he "fol- low through" the trade until he decides upon the closing of it after due deliberation. Thus he will gradually evolve a trading character or personality. He will be able to de- cide whether he is adapted to the job. Comparatively few are. Something in the very nature of most men seems to work against them. The greatest danger lies in overtrading. I am convinced that most people fail because they take on amounts of stock out of proportion with their capital and their ex- perience. That is why learning should be done by trading in small lots while preserving a margin enabling one to sustain a series of losses, for losses there will be during that period of education.

XAUUSD TP 2 CLOSE 160 PIPS