Pendekar Forex: October 2008

Gambar orang mancing di atas persis spt kehidupan para losser di forex: mau santai2 dpt duit, tapi lihat...
Yg pertama trading di tahan wkt sdg loss.
Yg kedua profit sedikit2 diambil.

Kedua kebiasaan itu ilusi yang akan menghasilkan cara trading yang loss. Sikap yang benar seharusnya adalah: quick cut loss & let the profit run. Sewaktu merencanakan entry kita sudah tahu dimana kita akan cut loss, dan itu harus ditaati. Sedangkan profitnya tdk usah kita pikirkan, krn begitu arah kita benar maka kita tahan/hold posisi open kita selama mungkin dg memasang SL yg digeser2. Tidak penting berapa kali kita menang, yang penting waktu kalah kita lossnya terbatas dan waktu menang profitnya buanyakkk.
Klik gambar di bawah ini utk melihat bgm seharusnya kehidupan kita sbg pendekar forex

Trading evolution

I think that I reached a certain important point in my trading education. I think the moment I had two months ago was like God appearing to me as burning bush!!!

The moment I talk about is that moment when you realize that systems are mostly useless, indicators all lag and price is king! I started to use trends, support/resistance,and breakouts. This is in fact the most basic form of trading we all start with, but then we loose all that basic stuff along the way in search of the holy grail. It's such a good feeling when it's back!

Now I'm just using trendline as support and resistances and trade the breakouts. With a little help from doji's, hammers etc this is working very very well!

Now this stage is completed in the course of mastering forex, I can move on to implementing and perfecting my money management system.

Never again indicators for me , ever!!!!

Trading

- Trading gives us lessons not only about what to do or not to do next time in a trade, but also life lessons about personality traits that could improve the rest of our lives too - if we are willing to work on them
All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance and hope - that is why the numerical formations and patterns recur on a constant basis.
- What does your trading journal look like - or do you not have one? It is critical to keep a trading journal. Yet statistics show that 97% of people do not have written goals, so why would a written journal be much different?
- It's not about trading EVERY day, it's about trading that ONE RIGHT DAY......You make money by waiting, not by trading. Sounds so silly nobody wants to believe it, but it's true
- Patience. Let the market come to you
- I would rather miss a good trade then be in a bad one.
- The 90% problem: Over 90% of traders focus over 90% of their efforts into tweaking indicators, of which over 90% use some form of a moving average, and over 90% use the close price as their only input data. Not only that, but over 90% of traders don't really understand how the indicators they are tweaking work. Should it be any wonder that over 90% of traders fail?
- If you use more indicators than articles of clothing you wear on an average day, then something's wrong with your trading.
- A primary rule to achieving success in trading is that you have to have a plan. If you want to succeed as a trader you have to have a clearly defined plan and you absolutely cannot break your rules under any circumstances
- Very important principle that all professional traders live by and amateurs ignore. If you focus on handling losses, profits will take care of themselves
- Never buy into motion. The reason is you see the motion and get excited and buy/sell and then want to decide what the plan should be. You must allready have a plan before you open a position
- "I'd rather be "out" of a trade and wishing I was "in" than "in" a trade and wishing I was "out"

Forex is a risky business.
You will lose money.
There is no perfect system.
You cannot, ever, predict the market.
Your emotions will get involved as trades move up and down
There is no such thing as bad margin as a universal law
The market isn't moved by rational reasons
More information will not necessarily help you become a profitable trader
What we see on the charts -- the market -- is simply a reflection of our own beliefs about the market.

Do One Thing Right

Traders do better when they try to do one thing perfectly right. Traders do worse when they spread themselves too thin, between many indicators, financial instruments, time frames, and trading systems.

Do less. Focus more. You'll do everything better.

It doesn't matter how often you are right or wrong - it only matters how much you make when you are right versus how much you lose when you are wrong.

LIFE

Our lives are not determined by what happens to us, but by how we react to what happens; not by what life brings to us, but by the attitude we bring to life.
Semua hal yang berharga dalam hidup kita gratis apa adanya: pikiran, jiwa, badan, harapan, impian, ambisi, kepintaran, cinta terhadap keluarga, anak dan negara, semua milik kita yang tak ternilai, cirinya: gratis!
Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful
- Yesterday is so far in the past I can't see it; tomorrow is too distant in the future to be seen.So I'll take a good look at what I can see - TODAY
- Life is a puzzle consists of simple pieces.Find the right ones & make beautiful pic out of them

Trading evolution

Buku Tamu

Pls drop pips for my lucky turtle

Who am I?

Trading

Do One Thing Right

LIFE