trading

trading

Tuesday, 5 January 2016

"YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY."

YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY. Never put yourself in the precarious position of losing more money than you can afford. The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low and your brokerage firm will not allow you to continue unless you submit more funds.
The most important rule is survival. If you don't survive, you can't keep on playing.

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.