Real happiness lies in gratitude.


QURAN IN ENGLISH - The most important book that everybody should read.

Thursday, 26 February 2015

A very good article on Trading...

https://butterboy.wordpress.com/2006/09/04/dont-make-trading-harder-than-it-is/

The essence of trading is this, and why trading is hard work.

"Expert traders don’t know where the market will go, expert traders just take setups that have worked before and know how much to lose on a particular trade"

3 elements: Uncertainty in direction, calculated risk and  working setup. 

Always remember and aplly this in your trading, you're a trading rockstar sooner or later.

Tuesday, 24 February 2015

Success in failures

As there are many failed patterns - so I will keep in mind of this failed patterns to make a trading entry and exit
http://allstarcharts.com/like-best-patterns-dont-work/

Trading has no rule

And all man made rules are not reliable.

this thought popup yesterday and it help scoring some ticks!

Thursday, 5 February 2015

2 phases of trading

Before I forgot I would like to pen down 2 phases of trading and traders:.

Trading:
1) Has direction
2) No Direction.

TRADER:
1) Beginner tend to learn all things and complexing things.
2) Old timers tend to simplify things.

When CL began to drop 6 months ago, the market showed direction . as the market bottoming out (some called it coiling, consolidated), the market has no direction.

Market will go up when PRICE go up. Market will go down when price go down.
Its not bid or ask...Many bids, but at flat price will not make market go up.
So this is the holy grail for me:
 I has to find SIMPLE way to read when PRICE go up, then I will go long.
Hahaha.
Simple ...but its not easy....