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Braathen
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Postby Braathen » Thu Dec 24, 2009 3:22 pm

words of wisdom right there :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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aliassmith
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Postby aliassmith » Thu Dec 24, 2009 6:15 pm

Braathen wrote:words of wisdom right there :)


Sometimes it seemed like I was reading about MighyOne with some
of the statements I read from those traders. Funny thing is that those
"Market Wizards" are considered "Trading gods" when they make
between 20% to 100% in a year. :shock:

With those guidelines.....

Braathen, my friend, you are a trading god! :)

[glow=red]Happy Holidays Everyone 8)[/glow]

Lets hit those banks hard January 4th 2010 and beyond.
Trade Your Way as Long as It Makes Money!

franck
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Postby franck » Fri Dec 25, 2009 2:30 am

Thank you everyone (esp TRO! and MO, beyond words) once again for all the generous sharing/teaching. Merry Christmas and Happy New Year.
* anyOne can be prOfitable tradING ANY line. see it?

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MightyOne
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Postby MightyOne » Fri Dec 25, 2009 11:40 pm

Just food for thought attached :wink:
Attachments
Lotsize-risk.txt
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aliassmith
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Postby aliassmith » Sat Dec 26, 2009 3:10 pm

The New Market Wizards...

Many traders unconsciously acknowledge their lack of progress by
continually jumping from one system or methodology to another,
never gaining true proficiency in any. As a result, these people end
up with one year of experience six times instead of six years of
experience. In contrast, the superior traders gravitate to a single
approach-the specific approach is actually not important-and become
extremely adept at it.
Trade Your Way as Long as It Makes Money!

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aliassmith
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Postby aliassmith » Sun Dec 27, 2009 1:48 am

The New Market Wizards...

Krausz's unstated motto might be: We become what we believe.
If you accept this premise, then it becomes quite clear why
psychology plays such an important role in trading success or failure.


(looks like I should believe I can make triple digit returns each month
instead of double! :D )

I think I can....I think I can....I think I can....I think I can....
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sun Dec 27, 2009 10:00 am

aliassmith wrote:The New Market Wizards...

Krausz's unstated motto might be: We become what we believe.
If you accept this premise, then it becomes quite clear why
psychology plays such an important role in trading success or failure.


(looks like I should believe I can make triple digit returns each month
instead of double! :D )

I think I can....I think I can....I think I can....I think I can....


You could get there by using something like this on the weekly+ charts:
~SL Size MaxRisk
100: 15 to 1 [15%]
115: 13 to 1 [15%]
125: 12 to 1 [15%]
136: 11 to 1 [15%]
150: 10 to 1 [15%]
166: 09 to 1 [15%]
250: 06 to 1 [15%]

< 100 = 15 to 1
127 = 11 to 1
140 = 10 to 1

Try not to throw up though :lol:

aliassmith
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Postby aliassmith » Sun Dec 27, 2009 2:31 pm

MightyOne wrote:
aliassmith wrote:The New Market Wizards...

Krausz's unstated motto might be: We become what we believe.
If you accept this premise, then it becomes quite clear why
psychology plays such an important role in trading success or failure.


(looks like I should believe I can make triple digit returns each month
instead of double! :D )

I think I can....I think I can....I think I can....I think I can....


You could get there by using something like this on the weekly+ charts:
~SL Size MaxRisk
100: 15 to 1 [15%]
115: 13 to 1 [15%]
125: 12 to 1 [15%]
136: 11 to 1 [15%]
150: 10 to 1 [15%]
166: 09 to 1 [15%]
250: 06 to 1 [15%]

< 100 = 15 to 1
127 = 11 to 1
140 = 10 to 1

Try not to throw up though :lol:


Ya,

I believe I would prefer to get there in smaller moves.
Let's say about 20% or more a week compounded! :D

Jab, Jab, Jab, KO
Trade Your Way as Long as It Makes Money!

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newschool
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Postby newschool » Tue Dec 29, 2009 12:31 am

To aliassmith:

"Whether You Believe You Can, Or You Can't, You Are Right." Henry Ford.
I am trading forex while traveling the world. I decided to document my adventure with a blog : http://www.forextradingnomad.com

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rushN4
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Postby rushN4 » Tue Dec 29, 2009 5:50 pm

Hello MO

just a quick question. have you ever traded future spreads?

here is a link for description
http://www.spread-trading.com/what-is-s ... rading.htm
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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