Archive for the ‘Lessons Learnt’ Category
I have been trading in a group for almost two years and had studied and observe various behaviors.
The reason why majority of the retail traders/investors “deposited” money in the market is because they are not aware of the roles and responsibilities they are acting in when they traded.
Remember this…
“The energy of the mind is the essence of life.” —Aristotle
Today Special notes:
Today I would like to share with you an audio by the Creative Director of The Disciplined Trader, Tisha Hallett. Listen to her answer to the following question:
“I did it again! I had all this profit and I just gave it all back and MORE in one UN-disciplined trade. How do I stop these debilitating “blowout trades”?” (click to listen)
If you are interested in learning from Robert Kiyosaki, listen to this as it will be removed on 23 Mar 2010.
http://www.richdad.com/richdad/GvUSD-podcast/GvUSD-download.html
Here is a useful article on how to use multiple time frames for setups by The Gold and Oil Guy. 
A couple months ago I started providing more of my intraday charts in hopes to educate traders on current market conditions so they feel like they are “in the zone” for trading. It’s crucial to understand the intraday moves and volume levels if you want to be consistently profitable trader. It doesn’t matter whether you are day trading or swing trading, you must be following daily and intraday charts.
I have been getting a few subscribers asking me: “Why I jump around from time frame to time frame so much?”
Read the rest of this entry »
Top Traders like Dr Alexander Elder has always stressed the importance of money management… of keeping a trading journal…
This is essential as it would help us track our losses and winnings so that we are more likely to replicate the success.
What methods have you been using to keep track of your trades?
Post your comment here.
I grew up listening to Michael Jackson’s songs.
I was looking forward to his comeback performance in London in July this year.
Assuming you are a pilot of an airplane. The control tower has given you the green light to take off. You revved up the engine and start driving the plane down the runway. Now if you reached the end of the runway and you suddenly pull back your throttle, what will happen? Will your plane take off?
George Sorros:
“It’s not whether you’re right or wrong that’s important. But how much money you make when you’re right and how much you loose when you’re wrong.”
Stock market is a negative sum game.
Once you entered a trade, you’ve already “lose” in terms of commissions.
To make money, you must be either:
- Damn lucky
- You have a strategy
Which do you prefer?