Thursday, July 3, 2014

845 - defensive trading

I should not be afraid of trading, as long as I trade defensively. Focus on not losing money, rather than winning money.

Added the trade below.


There is support there, and something like a dark cloud cover there.
Hid my Stop Loss under the support army.

I should also focus on reaching a target, so that I have a sense of direction what I am doing, and trade with a purpose. I figured to myself that if I reached SGD 100k, I will tattoo my forearm. Just like a friend of mine who marks his achievement with a tattoo.

For the win!

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