Tuesday, September 3, 2013

Equity:813.97 - Holding on

Stopped trading.
Will be back, just reading and devouring more knowledge at the moment.
Anyway, I am now reading a website from by a young man by the name of Nial Fuller. He should be even younger than I am.
And I saw that his logo was similar to mine, or rather mine is so similar to his.
Not sure is it because I stumbled upon his website before and sub-consciously remembered the design when I thought of designing mine.
Hope I do not cause any discomfort to anyone. Of course now I am fine, since no one gives a shit about this blog. lol

That aside, this is a good read to give you a rough idea what to expect from being a great trader.

http://www.learntotradethemarket.com/forex-articles/how-to-trade-like-the-market-wizards

Some important things I learnt from the link :


  • Do not trade to predict where the peak or bottom is. It is better to enter the trade when you can confirm a trend has started.
  • Many traders have low winning ratio, maybe 20-30%. But when they win, they win big.

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