Baruch's Forex System Journal

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Quote from Scientist:

How can you expect to be or stay successful or happy if you hate losses?

If you want to be a top-trader, you may need to learn to love your losses. Cherish and study your losses. They are your most valuable learning source. You learn most from the losers, not the winners.

However, if on the contrary you hate your losses, you will tend to deny and forget your losses, and with that come not only lost learning opportunities, but discipline problems, like not taking losses quickly enough, or taking profits on wins way too early, just because you don't want a win turn into a "loss" again. What happens is you become a slave to your own greed and fear.

Now, do you want to be a free person, or do you want to live life as an ever-scared and battered quaker slave to greed and fear?

The choice is yours alone.
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I agree completely. Love your losses. They are part of the game. In fact - they are not losses, but business expenses.
 
Quote from SteveL91:

Nice. I managed to take a chunk out of GBP/USD when it was coming down. Could have taken some out of USD/JPY but I just didn't have the conviction to jump in.
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Hi Steve,

Well done. So what now?
 
Quote from jrichman23:

thank you steve, I took profit from usd/jpy at 113.75 then sold right after, +100 pips, now I am long gbp/usd at 1.7708 +28 pips so far..
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Hi jrichman23,

Well done. Good call.
 
Quote from Scientist:

Thanks Baruch! Fantastic, very clever site! May I also recommend the following great sites:

MoveOn.org (another great anti-bush site, generously sponsored by George Soros): http://www.moveon.org/front/

People For Mathematically Perfected Economy: http://www.perfecteconomy.com/

New Dawn Magazine: http://www.newdawnmagazine.com/

What REALLY happened: http://www.whatreallyhappened.com/

Governator Arnold's real motives? : http://www.gregpalast.com/detail.cfm?artid=283&row=0


John Butler Trio - Media

What you watch, what you read
What you perceive is to be truth
It is all so subjective
So what you believe is up to you

But what are we to believe in
Between the lies and the truth? Youth
Media has vested interest
So what you believe is up to you.

But how are we to make sense of these turbulent times
When all they do is censor our minds
Only telling what they want us to know
Only half of the story told

So what is wrong? What is right?
No truth can there be seen
Well it's all there in your new religion
Just turn on your TV screen

Watch the sex and drugs and all that violence
Look what's feeding you poo
Propaganda yes indeed its,
its all there to confuse

But how are we to make sense of these turbulent times
When all they do is brainwash our minds
Only telling what they want us to know
Only half of the story told

And if the truth can't be found
I'll find my own underground
And if the truth is never to be seen
I'll find my own in between

What you watch, what you read
What you percieve is to be truth
It is all so subjective
So what you believe is up to you

But what are we to believe in
Between the lies and the truth? Youth
Media has vested interest
So what you believe is up to you.
You know its up to you
Don't believe the lies, read between the lines,
Don't believe the lies, critically analyse
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Hi Sci,

Thank you. Good links. Betting on Kerry as the next president? Odds 2.22.

www.betfair.com
 
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