Just a quick note to blog readers, occasionally, I am also sharing some charts on Tradingview. If you interested in following my charts, check out my profile.
Just a quick note to blog readers, occasionally, I am also sharing some charts on Tradingview. If you interested in following my charts, check out my profile.
I thought this TED talk is definitely worth watching. My weekend 21 minutes well-spent.
“Body language affects how others see us, but it may also change how we see ourselves. Social psychologist Amy Cuddy shows how “power posing” — standing in a posture of confidence, even when we don’t feel confident — can affect testosterone and cortisol levels in the brain, and might even have an impact on our chances for success.”
As I tweeted before, I will be on 1-month vacation to Southeast Asia, so trading will be light to none.� Have fun with your year end trading, and see you next year.
After a series of trades (more than 30 trades), if you� are having winning rate greater that 80%,� maybe it is time to look into your exit/profit taking strategy.
Capital preservation is important. Risk management is important. But the trader’s job is to risk and make money, not sitting in the office to preserve capital.
When it is time to trade, just trade. Capital is a tool for you to use to make more money, not for you to preserve.
If you want to win, you’ve got to know the rules; and also, you can’t win if you are not at the table.
Just trade.
Looking out the window, you see it is raining. Put your hand out of the window, you know it is raining. And yet, you still feel the need to view the website or call Bureau of Meteorology to confirm if it is really raining. Some traders trade in this way. Is the the word “confirmation” really confirming something or it is just showing the lack of confidence of your own strategy, or even your own opinion?