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    "What type of trader are you ?"

    I am an Independent Trader! "If the markets interest you, you'll probably work to develop a logical explanation for how they work. This is because you love theoretical ideas and abstract concepts (in fact, much more so than people interactions). This can be great for trading success, if you...
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    J Hershey really is a nutcase, his posts are long yet they say nothing

    I think he is an alright person. I am just a bit disappointed at the fact that he made reference to Wizetrade. I have never seen or use that system, but since I have seen it on one of those TV infomercial, I have doubt about the system's claims and credibility.
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    J Hershey really is a nutcase, his posts are long yet they say nothing

    I have to admit that his posts are rather confusing.
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    Psychological Journal

    My system is chaotic. Sometime it will put me in the right side, and sometime on the bad. I am not sure if this is a bad system yet, but so far this system allows me to spread my risks around in the highly correlated currency market. I will probably give this system a few hundred more...
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    Psychological Journal

    Of those 7 trades I placed last night, 3 of them became losers. I am fine with that. So, I placed another 3 trades in the morning according to my system and those 3 trades lose as well. Right now, I am riding the other 4 trades from last night. 1 of them is losing and the rest of them...
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    It's time to blame others for trading failures

    The lottery corporation is rigged!!!
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    Great traders cheat on their wives

    pump and dump?
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    Psychological Journal

    I just placed 7 trades. All of them are placed in a chaotic way and I don't even remember the positions that I have. If there is a new announcement overnight, I would not have a clue on how it is going to affect my positions. To me, all the trades that I placed looks bad anyway and I recall...
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    Psychological Journal

    I find that trading without numbers and charts could be very volatile. This morning, my chaotic system gave me all counter-trend trades. I knew I was gonna get my butt kicked so bad if I follow it, but there was nothing else I could do, because that was what my system told me to do and I had...
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    Psychological Journal

    Thank you for this post! You are absolutely right, we have plenty of time. I will relax and enjoy the journey while I am at it. Pension_Admin
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    Psychological Journal

    I would like to start off a journal regarding my journey to become a successful trader. In this path, I will strive to achieve the Zen state of mind. This journal would be pure psychological. I will not post profit or loss because I do not care anymore. I would appreciate others to...
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    It's time to blame others for trading failures

    The market is always going the wrong way! :P
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    Ever Blow Up Your Account?

    That's a pretty amazing come back. Did you change your trading style or system in order to make it back?
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    How you "get it" ?

    You have to give up everything you know about trading. Keep trading. You will get tired and exhausted. You will hate trading and hate it so much that you don't ever want to look at another chart or mention anything about trading to anyone. It will eventually lead you to give up trading...
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    Daily Trading Tunes

    These songs goes to all the struggling traders: http://www.youtube.com/watch?v=SjKDJDPvEtA http://www.youtube.com/watch?v=FSbGur1dz9k
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    Daily Trading Tunes

    This song goes to all those traders who paid their dues and finally made it as successful traders: http://youtube.com/watch?v=sogKUx_q7ig
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    What if a trade doesn't immediately move in your favor?

    If you know "for sure" that it's not gonna go back in your favour, then close it. Otherwise, let it ride.
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    Too much information and you're out!

    One monitor and one chart. So far it's enough for me at the beginning of this business. I'll probably need one of those LCD TV and a blu-ray player for entertainment. :) I am glad we have all these technology. Imagine that we don't: We might have to draw points and figures charts on paper...
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    MSG Msg Msg in all

    Would it help if I said MSG is, in away, organic?
  20. P

    A Day in the Life of a Consistently Profitable Trader

    Well, some successful traders have gone through enough tortures and have bear enough scars to know what work and what not. They see their system as the one and only way to success.
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