RIP Pikachu.

Let Go of the Results: You really have no control over the results, you have control over the action.

Your goal is to trade and to trade well!  Money is a by-product of trading well.  A very interesting thing starts to happen when you focus on trading well.  Your profits will start to add up a lot faster than they did when making money was your primary goal.  This is simply because traders who focus on trading well cut their losses and let their winners run.  They protect their capital and leave unnecessary risks to others.  They recognise a choppy market and sit on their hands and don’t trade.

Traders who trade well let the market come to them.  They are extremely patient and disciplined.  They wait for the setup and an entry point.   If that setup and a trigger don’t come along they wait for the next one knowing that another chance is just around the corner.  Once in the trade, they mechanically and methodically manage their position, taking profits at specific points, and moving their stop loss to protect their investment.

Traders who trade well don’t trade simply for the excitement of the trade.  They don’t trade out of boredom or when they are sick or tired.  They don’t trade especially if they have stress in their life, believe me I paid a big price and I know this one very well personally.  
Successful traders have a plan and a set of guidelines they follow.

They focus on what they can control, and that is their action.

where the bulls are now

actionable: yum now

Over the door to his office
Thomas Edison had written:

"There are no rules here - we're trying to accomplish something." 

daily view

hourly view

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

yum

I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually very important. Notice volume.

When trading......

Mistake.......... what to do with it.

"A man who has committed a mistake and
doesn't correct it, is committing another
mistake." - Confucius

Making mistakes is part of trading. Successful trading is all about minimizing making mistakes and correcting mistakes right away as you realize you have made them. When you can do that consistently your trading will improve materially.

Silver near new resistance area.

Want to be a champion ?

Waitzkin is a philosopher of excellence — a deep and articulate thinker with intimate knowledge of victory and defeat. The Art of Learning is a description of his competitive journey through the highest levels of chess and martial arts.
More than that, though, The Art of Learning is a powerful collection of ideas and insights on how to learn, compete and evolve… how to tap creativity under pressure… reach for more... and how to become a champion.

follow up SWHC and RGR

YOUR CANADA DAY PRESENT, THANK YOU!

trading

the trading game

 When I lose I'm really excited about all the alterations I can make and everything I can learn from the data of my game.  I'm ready to go.  I'm ready to really fix this and make it strong for next day based on what I see in the data---all the things I can do differently.  But when I win I get a kind of feeling of being invincible, there's nothing really left to correct, I only need to show up next day.  And I don't like that.  I get upset with that attitude, so I'm worried when I win about how to keep the intensity and how to keep myself focused. 

Life.

There are 24-hours in the day, what do you spend the most time doing?  If it's not doing something you love, it might be time for a change. Trading, playing music, riding my bike, and helping others are my favourite things I like doing.

10,000 hour rule for trading

             
                  http://www.youtube.com/watch?v=Kq2n1Jlx5P0&feature=youtu.be

guns and only guns

click to enlarge

     
  for your further research;   RGR and SWHC

trading secret

  If you were created in the image of your creator, then you were meant to create. It's as simple as that. All the instincts are already in you. You have it in you to become a trader millionaire or whatever you want to become financially. It's in you. It isn't outside of you somewhere, in the latest hot system. It's inside.

stalking

time off

from a song;
You can spend your whole life
building something from nothing
One storm can come and
blow it all away...Build it anyway.

You can chase a dream
that seems so out of reach
And you know it might not
ever come your way...Dream it anyway.

trading

This is very much applicable to trading. We don't need many setups to make a living trading, all we need is one good setup executed properly over and over again.

Return of the Mac

good artical in the economist today
http://www.economist.com/blogs/freeexchange/2012/06/purchasing-power-parity?fsrc=gn_ep

wmt

                 click on the chart to enlarge it