Over the lunch, my colleague mentioned about conspiracy stories in China stocks market. “The sell down of china market was caused by American!” …LOL.. Anyway, Michael Marcus discussed something on this topic in Market Wizards: Interviews with Top Traders. The foolish belief that there is conspiracy in the markets. I have known many of the […]
Rant
Another quote from Michael Marcus
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 […]
Month in review February 2007
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, […]
Quote from Michael Marcus
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 […]
Red packet day
When I wake up in the morning in Singapore, I see Straits Time Index dropped -157.74, the biggest one day loss I have ever seen since I started trading (It shows I am still young huh). and I see overnight NQ lost -87, YM lost -482. World stock markets plunged on Tuesday as fears about […]
Quote from Michael Marcus
Michael Marcus mentioned some important rules in Market Wizards: Interviews with Top Traders. Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay the losers. You also have to […]
