Wednesday, August 09, 2006

Tuesday, August 08, 2006

RISK

Trading is inherently risky. To my knowledge, no trade has a guaranteed outcome; therefore, the possibility of being wrong and losing money is always present. So when you put on a trade, can you consider yourself a risk-taker?

Monday, August 07, 2006

Financial and emotional disaster are common among traders
because many of the perspectives, attitudes, and principles that
would otherwise make perfect sense and work quite well in our daily
lives have the opposite effect in the trading environment. They just
don't work. Not knowing this, most traders start their careers with a
fundamental lack of understanding of what it means to be a trader,
the skills that are involved, and the depth to which those skills need to be developed.

Sunday, August 06, 2006

Most of the trades posted here come from 133 tick chart. Here, couple of the trades from 266 tick chart, which pays off as well...



Such a great example of one minute chart channel line working as a good target point, also for counter trend trades entries

MR and ZLR trades