We force the market to come into our zone or level before taking a trade. We wait. It is worth it.
Trading Lessons I Have Learned This Year
I am thinking of writing up a summary of lessons I’ve learned from experience, books or interactions with other traders over the year.
Joe Ross posted a link on twitter with title ‘A simple Idea to improve your trading’. I thought it is a good reminder to all my readers here. And I certainly agree with the quote below, and being disciplined in trading methodology execution was and is the key of my consistency. I feel certain that […]
Quote from Interview with Tom Basso
Here is an important note quoted from Van. Tharp’s Trade Your Way To Financial Freedom, 2nd Edition. Just to note it down here, and hopefully it helps some of the 12 readers. Given your goals in terms of returns and drawdowns, what kind of initial risk stop do you want? If it’s close, will you […]
Rules for Forex Trading
It is time to read some rules again. While working on my Forex trading strategies, I visit forums regularly. There are indeed some brilliant people out there sharing their work and ideas (though there are garbage and nonsense as well). In Forex Factory, user lever70 caught my attention when he/she shared his/her own compilation/e-book freely. […]
Quote from Tony Saliba
Tony Saliba discussed the elements of good trading in Market Wizards: Interviews with Top Traders. Clear thinking, ability to stay focused, and extreme discipline. Discipline is number one: Take a theory and stick with it. But you also have to be open-minded enough to switch tracks if you feel that your theory has been proven […]