trading
Wednesday 27 February 2013
Thursday 21 February 2013
There is no wrong way to trade, or to live. There are only results.
What do we do now? As The Trend Rider you took some profits during the last upward move and for any positions left you have to honour your stops which will make sure you don't give anything back, just in case.
Friday 15 February 2013
train yourself to let go of everything you fear to lose
ENJOY WISDOM video
for traders, one way to achieve that state, "no fear" state of mind is to trade at the size where "this trade" doesn't matter, this is a game of probabilities and your job is not to win every trade but to be ahead over series of trades
Thursday 14 February 2013
trading
It's not easy, but at times; The best time to go long is when you cover your shorts, and the best time to go short is when you sell your longs.
Tuesday 12 February 2013
The greatest traders are scientists and artists.
"After
a certain high level of technical skill is achieved, science and art tend to
coalesce in aesthetics, plasticity, and form. The greatest scientists are
artists as well."
-
Albert Einstein
good advice for traders and everyone else by Siddhārtha Gautama
"Do
not believe in anything simply because you have heard it. Do not believe in
anything simply because it is spoken and rumored by many. Do not believe in
anything simply because it is found written in your religious books. Do not
believe in anything merely on the authority of your teachers and elders. Do not
believe in traditions because they have been handed down for many generations.
But after observation and analysis, when you find that anything agrees with
reason, and is conducive to the good and benefit of one and all, then accept it
and live up to it."
-
Siddhārtha Gautama (Buddha)
Friday 1 February 2013
Thursday 31 January 2013
good traders have a special talent...
“Good traders have a special talent for trading just as good musicians
and good athletes have talents for their fields. Great traders are ones who are
absorbed by the talent. They don't have the talent — the talent has
them.”
~ Ed Seykota
~ Ed Seykota
Sunday 27 January 2013
follow up: POT
new stop is now @ 41.89
Remember to continue to take things one day at a time, practice proper money and
position management, and honour your stops.
Thursday 17 January 2013
Friday 11 January 2013
follow up; POT
booking more profits, for a "runner" a new stop now is @ 41.25
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.
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.
Wednesday 9 January 2013
Wednesday 2 January 2013
follow up: POT
POT took six days to reach the first target, 200DMA, now you can move your stop, have a break-even fail-safe-stop for the remaining part, "runner", and enjoy being a trader without any psychological burden, you don't have any risk for the remaining part and you booked profits on the half.
Enjoy "free trade".
Monday 31 December 2012
Wednesday 26 December 2012
Thursday 20 December 2012
actionable: POT
~ one could Buy here and now @ 40.00 with a fail-safe Stop @ 39.49 and the first Target around 200 DMA, now @ 41.95
anticipating first cross trade, we have a higher high in place, and now a first pull back to support at 10 week MA under development, and possible higher low
Risk Reward Ratio = 1/4 for the first 1/2 and if achieved a new fail-safe-stop will be @ B/E for a runner
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.
<a href="http://www.hyipdata.com">http://www.hyipdata.com</a>
anticipating first cross trade, we have a higher high in place, and now a first pull back to support at 10 week MA under development, and possible higher low
Risk Reward Ratio = 1/4 for the first 1/2 and if achieved a new fail-safe-stop will be @ B/E for a runner
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.
<a href="http://www.hyipdata.com">http://www.hyipdata.com</a>
Tuesday 18 December 2012
Drawdown is something . . .
For me, trading is all about mastery: the mastery of markets’ complexities
and the numerous challenges of self-mastery. From the perspective of mastery, every drawdown is something to be embraced.
Drawdowns tell us that we have lapsed, either in our market mastery or in our
self-mastery. Perhaps markets have shifted regimes and are responding to new
factors, perhaps we have failed to remain consistent in the best trading practices that
generate ideas, translate them into trades, and manage those positions. Either
way, losing money has a purpose, to make us better. It does not have to be a
threat to self-esteem, it can be an opportunity to expand and grow oneself.
Thursday 13 December 2012
Question ? Do we get a Santa Rally or does the Grinch step in !
Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.
awareness seems to solve things
"Theory is good for the intellect, but action is good for the soul. It's also good for your mental health, your physical health, and your pocketbook."
- Robert Ringer
http://etradingrealtime.blogspot.ca/
Wednesday 12 December 2012
S&P 500 cash
Trend is sideways. Status in bullish. Price is on a four day run.
Futures contract, chart below, showing a reversal bar today, around resistance area, suggesting a possible pullback.
Futures contract, chart below, showing a reversal bar today, around resistance area, suggesting a possible pullback.
Monday 3 December 2012
There is no rule that say you must ( play ) be in the market.
"First, do not be invested in the market all the time. There are many times when I have been
completely in cash, especially when I was unsure of the direction of the market and waiting
for a confirmation of the next move." - Jesse Livermore
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