October 6th, 2008

Chin UP!

"Thrice happy is the man that has a glorious history. Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows neither victory nor defeat." [...]

October 3rd, 2008

Trading With Emotion

Here is a comment from a trader that is trading with price movement rather than the trend. “This really reminds me of my experience as of late. Every time the market moves against me, I wait until I just can’t take any more unrealized loss, then reverse the position hoping that the momentum will help [...]

September 29th, 2008

Great Success, Small Success

Can anyone be trained to trade for a living? I would say a LOUD yes…. and no. A great deal can be “taught” like a working strategy. But a lot cannot be taught. One trader will have great success and another just a little success trading the same strategy. There is something that some traders [...]

September 16th, 2008

Market Guessing Game

I found this amusing.  I was asked to go to this chat forum and see what they were saying about the market.  Here are four of the comments I saw. Hi, I join the tread started by ……. and ask you guys the same question about GBPUSD the coming week, any views on where we [...]

September 2nd, 2008

Traders Don’t Change Because… Traders Can Change If…

I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes” Jesse Livermore “In order to make a success, the trader must act in a way to overcome the weak [...]

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