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TED talk: Your body language shapes who you are

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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.

Coffee Thoughts 02 November 2012

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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.

Coffee Thoughts 31 Oct 2012

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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?

GOLD 25 September 2012

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I think there are probably 10,000 charts talking about the daily “Pin bar” of GOLD lately. I am not the expert of “Pin bar”, I do notice the long tail tested the resistance level and failed to close above it. Anyway, looking into shorter time frame, we have a support zone around 1755. More conservative play will be waiting for the break of this level, and get in during� pull back. Well, if it pulled back.

Here is the 4 hour chart. (click to view full chart)

$GOLD H4