trading

trading

Monday, 4 January 2016

wondering

                        today you can, it's the first business day of the year, do it now
                   
https://www.youtube.com/watch?v=Svi-efuZBR8

Wednesday, 30 December 2015

"BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE."

BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.
"In all of my years as a trader I never traded more than a 50 lot on any individual trade. Sure, I would have liked to be able to trade like colleagues in the pit who were regularly trading 100 or 200 lots per trade. However, I didn’t possess the emotional or psychological skill set necessary to trade such big size. That’s OK. I knew that my comfort zone was somewhere between 10 and 20 lots per trade. Typically, if I traded more than 20 lots, I would “butcher” the trade. Emotionally I could not handle that size. The trade would inevitably turn into a loser because I could not trade with the same talent level that I possessed with a 10 lot."
Learn to accept your comfort zone as it relates to trade size. You are who you are. 

Tuesday, 29 December 2015

"THE FIRST LOSS IS THE BEST LOSS"

THE FIRST LOSS IS THE BEST LOSS Once you come to the realization that your trade is no good it’s best to exit immediately. “It’s never a loser until you get out” and “Not to worry, it’ll come back” are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit