Dodging Bullets 2-4
Dodging Bullets 2-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “The Power Of Pessimism: Defining the Nightmare” “To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves brave or not. Uncertainty and the prospect of [...]
August 31st, 2009Dodging Bullets 1-4
Dodging Bullets 1-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Many a false step was made by standing still. — FORTUNE COOKIE” Do not let fear keep you from moving forward. Being stuck on the go square or any square for that matter. 9 times out [...]
July 22nd, 2009Objectivity
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]
July 17th, 2009Patience
Once you know what to expect from your system, you must have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators to give you the entry sign you can look at other currencies and [...]
May 22nd, 2009Buy Into Motion = Chasing A Trade
When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter a position, and then try [...]
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