Archive for August, 2009
If I took away your charts, indicators, dashboards, and just leave you with one thing – the price of a commodity, how would you buy and sell?
If today the only information available to you is the price, and you are to make a living out of buying and selling, what would you do?
I posted this question to a friend and she gave me a very good answer – average buying.
Guess what? People with deep pockets do that all the time. Institutional traders, commercial hedgers, billionaire investors…they practise this because:
1) They don’t try to guess where the price will go.
2) It’s simple math.
Of course, they would know a little bit more about this commodity than the average person on the street. Still, is it very complicated financial knowledge? No. It is knowledge that is disseminated everywhere on the net.
Btw if you’re dumbfound on what is going on, Continue Reading »
18 Aug
21 Aug
Not to impress anyone here, but these trades are just for my own record. There is nothing fantastic in the trades that I’ve taken – I lose more times than I win.
Only traded 4 days in this 10 day period.
03 Aug
08 Aug
12 Aug
13 Aug
The last trade of 13 Aug was an accident. I put on the trade and went to sleep. The bracket order did not send because I was disconnected. The order got filled and the trade went in my way. Thank God.
Some of you may have seen this in the movie “21” or somewhere else. The problem goes like this…
Suppose that you’re in a game show and there are 3 closed doors. The show host tells u that in one of them lies a brand new car while the other 2 will have a sheep behind them.
The host offers u to pick a door and if it’s the one with the car, u get to go home in it.
Let’s say you picked the 1st door, coz all the doors look similar. So your chances of getting the car is Continue Reading »
Check out these books:
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Peak Too Soon Trading Journal 