A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Friday, 20 June 2014
Quadruple Witching
quadruple-witching expiration, meaning equity options, stock index
futures, stock index options, and single stock futures expire -- which
could create some additional volatility in the markets
Friday, 13 June 2014
" There is no time for ease and comfort, it is time to dare and endure."
We have a pullback in the overall market, but there are not many good setups yet and we just need to wait a bit more. Keep open positions on the leash and if this is a new leg up we'll have lots of time to jump on board.
For IPO players: In an uptrend at support, and possible an inside day today for TRUE.
Today is full moon and Friday the 13th, next time for the full moon and Friday the 13th will be on August 13th, 2049.
remembering my friend Bolto saying: "It's a full moon, jebote!"
For IPO players: In an uptrend at support, and possible an inside day today for TRUE.
Today is full moon and Friday the 13th, next time for the full moon and Friday the 13th will be on August 13th, 2049.
remembering my friend Bolto saying: "It's a full moon, jebote!"
Sunday, 8 June 2014
Friday, 6 June 2014
About "A" Good Trading System
A good trading system
delivers greater profits than losses over a period of time, but even the most
carefully designed system doesn’t guarantee success in every trade. No system
can assure you of never having a losing trade or even a series of losing
trades.
A system is a plan, but as
Helmuth von Moltke, a 19th-century German field-marshal, put it: “No plan
survives contact with the enemy.” The US boxer Mike Tyson, quoted by The
Economist, put it more bluntly: “Everyone has a plan ’til they get punched
in the mouth.” This is why risk control must be an essential part of every
trading system.
The inability to manage
loses is one of the worst pitfalls in trading. Beginners freeze like deer in
the headlights while a deepening loss wipes out profits of many good trades.
It’s a general human tendency to take profits quickly but wait for losing trades
to come back to even. By the time the despairing loser gives up hope and closes
his trade with a terrible loss, his account is badly and sometimes irreparably
damaged.
To be a successful trader,
you need to learn risk management rules and always apply them.
If trading is a high-wire
act, then safety demands stringing a net underneath that wire. If we slip, the
net will save us from smashing into the floor. The only thing better than a
safety net is two safety nets: if one doesn’t catch us as we fall, the other
will.
Markets can snuff out an
account with a single horrible loss that effectively takes a person out of the
game, like a shark bite. Markets can also kill with a series of bites, none of
them lethal but combined they strip an account to the bone, like a pack of
piranhas.
The two pillars of money management are the 2% and 6% Rules. The 2% Rule will save your account from shark bites and the 6% Rule from piranhas. Prescribed by Dr. Elder.
The two pillars of money management are the 2% and 6% Rules. The 2% Rule will save your account from shark bites and the 6% Rule from piranhas. Prescribed by Dr. Elder.
Tuesday, 3 June 2014
don't put your hand to a plow and look at the things behind
You’ve got to be able to generate within yourself the mind set that you must always be going forward.
Monday, 2 June 2014
while you're trading, or waiting today, and asking yourselves... How does one make big money in this market ? have a glass of pineapple juice
For good nutrition pineapple juice is a good choice.
Pineapples juice are low in calories and high in nutritional value. A one cup serving contains only about 80 calories, but provides all of the vitamin C that a person needs every day, plus some.
It is also a significant source of potassium, folate, calcium, magnesium, phosphorous, niacin and zinc. Last but not least, it contains a unique dietary enzyme called bromelain.
Pineapples juice are low in calories and high in nutritional value. A one cup serving contains only about 80 calories, but provides all of the vitamin C that a person needs every day, plus some.
It is also a significant source of potassium, folate, calcium, magnesium, phosphorous, niacin and zinc. Last but not least, it contains a unique dietary enzyme called bromelain.
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