Saturday, 28 April 2012

"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.

Friday, 27 April 2012

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