Look! I told you there are good stuff in Traders Interview. The one and only Lonely trader, Jay, was recently interviewed. Check out my freaky friend’s interview, I am pretty sure you will be learning something from him. Check it out
Trading Lessons
My interview with TASC
Finally, after waited for weeks, I managed to grab a copy of Technical Analysis of Stocks and Commodities, June 2009 issue. Yes, it is a little difficult to get the latest U.S magazine in Melbourne, Australia. Well, that’s not the point of this post.
I was interviewed by Jayanthi from TASC. I shared about my experience, how did I start up, and some routine of my trading day. Here is the scanned version of my interview.
[gview file=”https://tradergav.com/wp-content/Photos/2009/06/TASC_Interview_TraderGav.pdf”]
Videos on FX E-Micro futures, and trading strategies
There are series of free videos featuring daily market analysis, CME FX E-Micro futures, trading strategies, and monthly crude oil and energy market updates availble on INO TV right now. It is totally free. Check it out.
Coffee thoughts of the day 29-April-2009
I am not going to post charts today. In summary, my Long positions of GBPJPY and USDJPY were slaughtered , Long AUDUSD made it all back with additional profit.Read my twit here.
If you live or visited Melbourne, Australia before, you should know about our most ‘Fabulous’ and ‘efficient’ public transport system. Let’s only talk about Tram here. With a 10 times 2 hour ticket, each trip will cost you $2.90, and without a valid ticket, if caught, a fine of around $120 will be charged.
I am not working for the transportation company, I do not care if they are making profit or loss. However, does it do you any good by not paying for the ticket? Let’s assume you travel from home to office everyday, and what is the Risk reward ratio and accuracy here?
Talking in the trading language, each win will give you $2.9 profit. And each loss will cost you $120. How accurate does your system need to be in order to win the game? You need 100% winning rate. I have prepared the following table.
Why do you even bother to take this trade? I don’t get it. Maybe the feeling of winning (not paying and not being caught) covers the fact that risk reward ratio is not with us. Relate this to your trading, how are you doing? And, whether to pay for the tram ticket or not, it is up to you 🙂
Shaking at the First Tee
A nice video for the weekend. In fact, I found some similarities to trading. Watch it carefully, you might find some wisdoms for your trading. Enjoy!
Gary Vaynerchuk on Web2.0 Expo
This is an old clip taken last year. Some of you might have watched it. I thought it was cool, and motivational. Watch it again,it is time well spent for the weekend.
