today you can, it's the first business day of the year, do it now
https://www.youtube.com/watch?v=Svi-efuZBR8
A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Monday, 4 January 2016
Sunday, 3 January 2016
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.
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
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