I am still trying around with the Bread n Butter strategy the library book taught. And the results look pretty ok. At least It does not cause me to lose a lot, and as compared to my trading in the past, this one seems more promising.
Certain pointers to remember tomorrow and beyond.
- Place the limit stop at least 2 times as much as the stop loss gap.
LoL, forgot what other things that I learnt today. Anyway, another interesting thing that the book taught was this 10-10-80 principle. It means you donate 10%, save 10%, and do whatever you want with the other 80%.
The interesting part to me is about donating the 10%. The book goes on to say how it can actually make you a better person and make the world a better place. It also cites scientific studies about it, and says how much more money you make in return. Karma you can call it, but the author is a devoted Christian.
If it true that I, 'Singapore Trader' will really make it big in Forex, I will also pledge 10% of what I earn in Forex to people that are less fortunate than me. Even before reading the book, every now and then, I sometimes give money to elder people randomly. And I know somehow, it makes me more human and feel better. I always have this mentality when donating that 'a little bit of my money, might meant a lot of money for someone else'.
So if you want to feel pretty awesome for the day, you can try just giving some your money to someone in need. You might just feel differently about yourself and the world!
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