hope you enjoy the music and the trend riding

http://www.youtube.com/watch?feature=player_embedded&v=LiE1VgWdcQM

"YOU DON'T NEED TO KNOW WHAT IS IT GOING TO HAPPEN NEXT IN ORDER TO MAKE MONEY"

Success in the markets has nothing to do with predicting what the market will do. Instead, it has everything to do with GOING WITH THE FLOW of what the market is doing, ACTING on your edge (assuming you have one), and EXECUTING your trades, (the good, the bad, and the ugly) properly as per your PLAN.

Today I was asked. Why do you like to coach other traders ?

Well, since I began coaching in 2005 the unique feature that I have been enjoying the most is that it forces me to develop a deeper understanding of why I act the way I do. Before I can explain the procedure to anyone else, I have to have a clear understanding of it in my own mind. Working with others forces me to confront my own beliefs about trading, and in the process, makes me a better trader. That is one of the reasons.
Hope this helps!

THE UP AUCTION CONTINUES

                                                       click on the chart to enlarge it

                                              remember this

One Day At A Time

                                    "TREND IS YOUR FRIEND"

CATCHING A TREND IS THE ONLY WAY TO MAKE MONEY IN THE MARKET

MAKE SMALL BETS UNTIL THERE IS MORE CONFIRMATION AND  THE MARKET PROVES THE POSITION CORRECT

THIS BUSINESS IS MORE ABOUT MANAGING RISK THAN IT IS ABOUT GAINS

YOUR EXIT STRATEGY, ON BOTH GOOD TRADES AND LOSERS, IS MORE IMPORTANT THAN YOUR ENTRY STRATEGY

ENJOY THE TREND RIDING!