worth watching
http://www.ted.com/talks/daniel_goldstein_the_battle_between_your_present_and_future_self.html
trading
Friday, 17 February 2012
when trading intraday
I suggest using smaller initial stops and look for trades with Risk Rewards
that are at 2:1 or higher. I personally do not take trades with initial stop
losses larger than three S&P points and I never take a trade with a Risk
Reward below 2:1 _ I am much more comfortable in the 3 or 4:1 area when intraday
trading. I don't find these trades that difficult to find once you get used to
looking for them and if I have to wait to find a trade that fits my acceptable
profile, that doesn't bother me at all. I just want to be consistently profitable and
it costs me nothing to wait for an acceptable trade. Patience and discipline are prerequisites for trading success.
Thursday, 16 February 2012
markets now
Up auction continues. S&Ps traded above it's eight day range and closed above it, which suggests strength, but as we know it's not the breakout but the follow through that matters.
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