Blog and Rants

It is a difficult trading day for me. I can’t figure out the situation. Give up. No trade today.

Michael Marcus mentioned some wisdoms about life of a trader in Market Wizards: Interviews with Top Traders. If trading is your life , it is a torturous kind of excitement. But if you are keeping your life in balance, then it is fun. All the successful traders I’ve seen that lasted in the business sooner […]

Nothing much, everything is still down. [photopress:Trendtable01Mar2007.PNG,full,alignleft]

Another positive month for me. So far, I am fine with my own performance, at least I am on the track to stabilise my trading result. This month due to chinese new year vacation I have missed out 1 trading week. I did not achieve the target that I have set last month. In total, […]

I decided to make an attempt when NQ goes below opening low again. Short position was established around 951am during the first pull back of new downtrend cycle.Too bad, I was stopped out. One trade closed with -1 R loss [photopress:NQ200ticks28Feb2007.jpg,full,alignleft] I will stop trading for the day and get some rest. I am preparing […]

Michael Marcus discussed causes of financial disablement in Market Wizards: Interviews with Top Traders. I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert….Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be […]