Be a Real Trader
Are you a "real trader"? We are trained as a T.A. trader. Day in day out, we look at price action and act according to what the price told us. I have heard many times from traders telling me, they are holding lots of Stocks and therefore they cannot bring themselves to short the Indices. Living in denial!!! They just need to act according to what the charts produced. Most of my snipers know that my girl is going to UK this year, and I will need GBP to drop as much as possible
Have you ever traded a demo account successfully and then when you transitioned over to a real account, you either blew it out or cannot perform as perfect as trading a demo account? Why did this happen? Well, you were letting the money control you on the real account rather than you controlling how you thought about it (like you did on demo). Don’t let it affect you. You should just remembered it as just numbers, nothing more, just numbers on a computer screen. What you have
Is your trading plan good enough?
Trading is best kept simple and focused - that is the way to win. The most successful traders will tell you that they use only a small number of strategies, applying them time after time. A common mistake of losing traders, however, is to overly complicate what they do, using many different strategies at one time, or leading a never-ending search for new strategies. Moving averages [aka Waves or Emolines in TYJG Trading community] Moving averages are versatile, objective and
Surfing in Taiwan
Money management Most traders seem almost entirely concerned with their trade entries when in fact the more important part of trading is money management. Money is made or lost depending upon how well you manage your trades and your money. No trade entry strategy or trading method would be complete without a money management plan. The most important aspects of money management for a trader, are position sizing and risk reward. Position sizing here refers to the number of lots