Masih byk perkara dlm trading yg perlu aku perbaiki....
"jgn cepat puas hati,,amalkan sikap utk terus perbaiki system trading kita"

I prefer GJ to go up to complete wave v of c.

Based on elliot wave:

salam...

sepanjang cuti 3 hari yg lepas, anak aku tak berapa sihat..die demam sejak sabtu pagi sehingga malam tadi..risau dibuatnye sbb lama demam..alhamduilillah pagi tadi keadaan die normal. Aku harap hari ni suhu badan die tak naik lagi, kalau tak kena gi hospital.

Dan, wife aku pulak ari ni outstation gi kuantan sampai khamis ni,,maknanye selama 2 malamlah aku kena menjaga anak...nak trading pun kena tunggu anak tido dulu..cubaan..

hah,,semalam market GJ byk sideways...aku meharapkan trend...tp tgk ari ni macam mane...

Ok, selamat trading...

when i see monthly chart...first lower at 147.55 was broke...new lower at 138.99 was created yesterday...is the next lower which is at 128.56 could be broken as well? if we see thru elliot wave, it could be...emm just wait till next year..ehehe i think now it would be quite a big triangle (wave iv) soon.....

salam...

1) Apa kena dengan tempoh tarikh 20-24 oct?

2) inilah seminggu yg lepas di mana tercetus pahit manis ku dlm trading (ini bukanlah kali pertama pahit manis aku,,sekadar memberitahu di blog ini)...pahit utk disimpan dan dicatit supaya ianye tak berulang lagi...manis utk kite terus bersyukur dgn ilmu dan rezeki kurniaan Ilahi.....

3) Bermula 13 oct, aku buka akaun baru fxpro...dgn deposit usd700...fxpro ni pun member aku rekemen..die kata bagus..spread GJ pun dlm 7...cuma kalau market tgh turbulent, jadilah dlm 10pip..huhuhu...setakat ini aku puas hati guna fxpro...sblm ni aku sudah mempunyai beberapa broker lain..contohnye spt fxcm, ibfx...etc...saje je aku menambah broker baru ini (fxpro) even skrg dah ada beberapa broker...bila trading sibuk lah tangan dan mata...byk benda nak tgk..nak tgk chart lah...broker broker lah...ehehe


4) emm dgn ilmu, teknik yg aku ade (elliot wave, bolinger band, fibo, BSTS, winpips)...alhamdulillah usd700 skrg dah jadi usd1900++ dlm masa 2 minggu..


5) itu manisnye...apa pahitnye? smlm (jumaat) berlaku satu keadaan di mana GJ jatuh gila gila punye gilalah..emm aku masuk di kala signal dan analisa aku tak berapa myakinkan...tetapi masuk jugak..tu yg kantoi..nasib baik dah close...kl tak boleh rugi besar oooo...emm tu lah akibatnye kalau entry di kala signal tak ok...huhuh...

6) Sabar & ketenangan dlm trading itu penting.

7) Apa bila berlaku pape keadaan sama ada manis atau pahit...pasti akan ku catatkan dlm diari forex aku utk aku jadikan pengajaran & nota peribadi aku..

8) Aku akan terus belajar, belajar dan belajar pasal ilmu forex ini...

9) i must know apa kekuatan dan kelemahan sistem aku...

Sekian jumpa lagi. Selamat bercuti trading.

Ask
Untuk sell pair tertentu

Bid
Untuk buy pair tertentu

Buy
Membeli pair tersebut dan berharap ianya naik untuk untung

Sell
Menjual pair tertentu dan berharap pair tersebut jatuh
untuk untung

Long
Mengharap pair yang dibeli akan meningkat naik

Short
Mengharap pair yang dijual akan menurun

Spread
Perbezaan matawang yang akan dibeli dengan harga pasaran
terkini

Leverage margin
Kadar modal anda dan jumlah kuantiti yang dibenarkan
seperti 1:100 ,1:200

Stop loss
Meletakan satu niai yang anda sanggup rugi jika matawang
yang dibeli tidak menepati posisi yang anda buka.(Contoh anda membeli untuk long
tapi pasaran begerak kearah short)

Exit profit
Meletak harga yang anda jangka ia akan sampai yang
membolehkan anda untung dan position akan aotumatik close

Pending order
Meletakan satu harga yang anda ingin beli apabila ia
sampai, dengan cara ini anda tak payah duduk depan PC untuk monitor

Trailing
Menambah keuntungan sedia ada untuk mengikut pegerakan
pasaran dekat stop loss sebanyak 10 pip. Ini akan membuatkan anda akan untung
apabila position ditutup secara automatik

Indicator
Penunjuk dalam teknikal analisis, seperti canddle stick,
MACD, RSI dan sebagainya

Technical analysis
Diguna untuk meramal pergerakan pasaran berpandukan
sejarah ,trend dan indicator

Fundamental analysis
Meramal pergerakan pasaran berpandukan news (politik dan
ekonomi)

Upward
Pergerakan pasaran menaik

Downward
Pergerakan pasaran menurun

Platform
Software yang digunakan untuk forex trading contoh fx
trading station 2.

Broker
Orang tengah yang diantara trader dan syarikat.

Wiretransfer
Pemindahan wang terus ke akaun bank

Swift
Kod bank

Swap
Kos tambahan akibat penangguhan urus niaga dimana ianya
ada positif dan negatif bergantung pada pair Pair Pasangan mata wang .contoh
EU(euro/usd)

Pips
Perubahan harga matawang dikira dalam bentuk pips dan
berada dihujung angka.

Bullish
Pergerakan menaik secara mendadak

Bearish
Pergerakan menurun secara mendadak

TF (time frame)
Kadar masa untuk membuat analisis menggunakan indicator.
Setiap indicator menggunakan TF yang sesuai seperti M30, H1, H4 & D1

Overbought
Situasi dimana pasangan matawang tersebut sudah terlebih
dibeli dan kemungkinan besar akan jatuh

Oversold
Situasi dimana ppasangan matawang tersebut sudah terlebih
jual dan kemungkinan besar akan naik semula.

Sebagai pedangang matawang, anda perlu tahu masa yang terbaik untuk anda buat trade

Cuba anda bayangkan anda adalah antara jutaan pelancong dari serata dunia yang ingin melancong . Lazimnya kebanyakan penerbangan antarabangsa yang jauh akan tiba di kota-kota besar pada awal pagi.

Setibanya anda dan jutaan pelancong lain dari perlagai airport masuk ke exp:(London) apakah perkara utama yang akan anda lakukan ?

ya, sudah tentu anda akan menukarkan wang yang anda bawa (selalunya semua pelancong akan membawa US Dollar jika pergi ke mana-mana destinasi antarabangsa ) dari USD ke GBP ( Great Britain Pound ). Ini bermakna anda menjual USD yang anda bawa dan kemudian membeli GBP.

Apabila waktu pagi bermula di Britain, pengimport serta pengeksport melalui kargo udara dan laut juga akan membuat tukaran wang yang serupa juga apabila membuat urusan di Britain. Lazimnya, transaksi mereka ini adalah melalui bank-bank dan mencecah berbillion US dolar sehari !.

Penjualan besar-besaran USD dan pembelian besar-besaran GBP oleh anda dan jutaan pelancong lain serta pedagang-pedagang antarabangsa ( pengimport dan pengeksport )dan pelbagai institusi lain tentunya akan menyebabkan USD menjadi murah ( jatuh ) dan GBP menjadi kukuh ( naik harga ).

Semuanya ini berlaku paling aktif BERMULA jam 8.30 pagi di Britain atau bersamaan jam 3.00 petang waktu Malaysia. Ianya juga lebih dikenali sebagai LONDON OPEN.London Open bermaksud waktu di mana bank-bank dan institusi kewangan lain di London memulakan operasi mereka dan tukaran matawang asing mula diurusniagakan dengan banyaknya.

Ini adalah waktu yang terbaik untuk anda " TRADE " atau berdagang pair yang berkaitan GBP atau matawang Eropah yang lain. Sewaktu London Open, lazimnya pasangan GBP/USD akan naik tinggi kerana GBP mengukuh dan USD melemah akibat jualan atau tukaran yang banyak seperti yang di sebutkan tadi.

Apabila waktu menghampiri 1 petang di Britain, urusniaga GBP/USD semakin perlahan.Pada waktu ini, waktu di US adalah jam 8.00 pagi . Bank-bank di US mula dibuka, pelancong mula masuk dan menukar wang mereka ke USD ( membeli USD ).

Iaitu perkara yang sama seperti yang berlaku di Britain pada awal pagi. Ini akan menyebabkan USD menjadi kukuh. tahukah anda jam berapakah waktu di Malaysia jika waktu di US jam 8.00 pagi ? Ya waktu di Malaysia adalah jam 8.00 malam !.Ini adalah waktu yang terbaik untuk berdagang selepas anda menunaikan solat isyak untuk trade pair yang berkaitan dengan USD !)

Diharap dengan contoh mudah ini, sahabat-sahabat di eejam.blogspot.com mendapat sedikit gambaran tentang waktu yang sesuai untuk trade atau berdagang FOREX.

Setiap 'trader' sama ada profesional atau tidak seharusnya menerima dan mengamalkan EMPAT peraturan klasik di bawah dalam setiap urus niaga.Ini bagi menjamin akaun kita akan tidak berada ditahap kritikal pada satu-satu masa.Kita sememangnya ingin atau mahu bertahan lama dalam perniagaan ini dan lebih tepat lagi dikalangan kita ingin mencari kekayaan melalui urus niaga forex ini.Walaupun kita sudah maklum bahawa perniagaan ini sungguh besar risikonya.

EMPAT Peraturan Klasik Pengurusan Risiko Sebagai Pedagang :

1 ) Biarkan pasaran yang mempengaruhi keputusan anda, dan bukan ego anda.
2 ) Biarkan keuntungan berterusan,potong kerugian dengan pantas.
3 ) Sentiasa berpihak kepada pemenang sahaja.
4 ) Ikuti arus.

" Ia adalah terlalu jelas, sehingga ia sukar dilihat. Seorang dungu telah mencari api dengan menggunakan pelita. Jika dia tahu apa itu sebenarnya api, dia pasti telah memasak nasinya dengan cepat"

The Zen of Trading

Bagi mengekalkan kita berada dalam perniagaan ini, EMPAT peraturan klasik dia atas WAJIB kita aplikasikan.Pesanan PENTING untuk diri sendiri dan rakan-rakan.

" Apa yang sedang dikatakan adalah pasaran membuat segala keputusan. satu-satunya keputusan kita adalah untuk mendengar kata pasaran dan menuruti segala penunjuknya. Ia adalah sentiasa benar, dan tidak akan menipu. Hanya kita yang menipu diri kita sendiri."

The Zen Of Trading

Dan salah satu cara untuk kita maju dalam perniagaan ini ialah sentiasa fokus dengan sistem yang kita urus niaga dan pastikan kita menyimpan segala rekod urus niaga kita sendiri. Kita akan dapat melihat sendiri segala kekuatan dan kelemahan urus niaga yang telah dilakukan dalam sesuatu tempoh tertentu. Dan sudah tentu ia menjadikan kita sentiasa berwaspada dan meningkatkan lagi pengetahuan dan pencapaian kita.
source : onerich.blogspot.com

salam semua...

mengapa agaknye aku merasakan sabtu dan ahad membosankan? dan mengapa pulak bila masuk hari sabtu, aku ternanti2 tibanye hari isnin?

begitulah terjadinye pada diriku ini sejak setahun yg lepas sehingga ke ari ini...
kalau dulu, hari sabtu dan ahad memang menyeronokkan tetapi sekarang kurang sikit seronoknye..bukanlah tak seronok langsung, tetapi semacam ada sesuatu yg mengurangkan keseronokan itu...

Ya,,hari isninlah kembali semua trader di depan pc....masa utk berdagang.

Macam biasa, hari sabtu dan ahad aku diisi dgn post mortem prestasi trading aku minggu lepas dan mengenalpasti mengapa ada loss, apa kesilapan yg dah dilakukan dan sebagainye...

Dan seterusnye aku menyusun strategi apa nak buat minggu berikutnye...

Ohh ye..minggu lepas aku buka satu broker baru iaitu fxpro..server fxpro boleh tahan..jarang bila aku masuk entry, ianya sangkut / hang / no connection..setakat ini ok...dan alhamdulillah drp modal usd700 aku masukkan dan start berdagang isnin lepas aku dpt profit usd400++...

Aku rasa tak perlu lagi aku postkan screen shot itu...tgklah end of next week, aku mungkin akan postkan...:)

Oklah selamat kembali berdagang...

Settings:
1) Alligator - Jaw (13), teeth (8) & lips (5)
2) MA - 5
3) AO

This what i am using right now as one of my support template/indicator to see the trend of market especially GJ...i repeat, this is for trend ok, for entry i love to "sell top buy bottom", i have my own ingredient/method for this...

A thorough Forex trading education must include an understanding of the effect market timings can have on trading and liquidity.

One of the most active periods of the day is from the time the London market opens. Often around that time good trading opportunities will appear.

As part of your Forex trading education, learn to analyze market conditions around London open and begin to recognize good setups.

The following questionnaire and checklist will help.

London Open Preparation

About 15 to 30 minutes before London open check the answers to these questions:

- Are the MACD indicators on the 4 hour and 1 hour charts in agreement? If they are not going in the same direction be very careful!

- Is there MACD divergence on the 4 hour, 1 hour, or 15 minute chart? Look for other clues to confirm that price may go in the direction of MACD divergence.

- On the 4 hour chart what is the overall trend?

- Do a Fibonacci calculation on the last swing high and low and see if price is pulling back to an optimum retracement level or whether it is reaching a key extension level.

- Note price in relation to the 200 EMA (Exponential Moving Average) on the 4 hour, 1 hour and 15 minute charts. Is price bucking the trend? In other words, is price above the 200 EMA on the 4 hour and 1 hour chart but below it on the 15 minute? Then be prepared for price to go long at some stage. (Draw the opposite conclusion if price is below the 200 EMA on the 4 hour and 1 hour chart but above it on the 15 minute chart.)

- Are any Economic Reports imminent?

- As the candle closes on the 15 minute chart at London open, do you see any distinctive candle patterns such as tweezers, or doji’s or hammers indicating price exhaustion?

- If I entered a trade right now in a particular direction, what would be the risk and where would I place my stop?

Within a few minutes of London open, if you see a number of factors converging from the analysis above, make a decision one way or the other:

- trade

- wait for clearer signals or a better entry point

Carrying out an analysis in this way each day at London open will do much to increase your Forex trading education.

It will make you aware of what is happening on the charts and in the marketplace and help you to arrive at conclusions.

There is no magic formula involved with Forex trading education. Put simply, successful Forex trading is the result of years of hard work, study, practice, and experience often gained through painful trading scenarios.

Eventually the newer trader learns mental discipline, and how to control the emotions - probably the biggest part of a Forex trading education.

Practice a procedure like the one above day after day and begin to see some progress as you get nearer the time you make profits consistently from currency trading.

The 5 Fundamental Truths of Trading:

1. Anything can happen.

2. You don't need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.

As i mentioned earlier, i also use fxhunter as my guidance in trading even at the same time i use elliotwave and my technique itself...right now, the new branded of fxhunters called Winpips has been introduced...

I am highly recommend that you all get the copy of fxhunter/winpips legally. Just go to
http://www.fx-hunters.com/

Thanks

Nice to read.....

The hardest but also most important lesson to learn in trading is how to handle losses gracefully. Most traders will inevitably encounter a string of losses at some point, so those who can't lose without being thrown off their game won't survive the market. The traders who have realistic win/loss expectations and a trading system they trust have the best chance of prevailing over tough market conditions. Here we look at what kind of losses traders can expect and how they can adjust their focus and strategy to deal with these losses.

Losing Battles…
Every trader worth his or her salt knows that trading against the trend is not a good idea. So it seems logical that the best trading systems would be those that follow the trend: when the trend is going up, take long trades only, and when it's going down, it's time to go short. That being said, you'd think that trend-following systems would have the best win/loss ratios, right?

In his new book, " A Short Course in Technical Trading", Perry Kaufman offers some sobering statistics on the matter. According to this veteran program-trading expert and author, "You can expect 6 or 7 out of 10 trend trades to be losses, some small some a little larger." And yet, Kaufman says that trend-following systems are some of the best trading systems around. In other words, trend-following systems won't yield huge profits, but they'll still do better than most systems.

It will probably come as a shock to those who have spent countless hours searching for a winning system, but Kaufman makes it absolutely clear in his book that having realistic win/loss expectations means expecting losses - lots of them. He states, "As a trend trader, you should expect mostly small losses, some small profits, and a few large profits."

If it gets across this point alone,"A Short Course" is a worthwhile addition to your library. Kaufman provides an example to demonstrate a phenomenon traders in the game for the long haul have come to learn the hard way:

"In a normal distribution of 1,000 coin tosses, half of them would be single runs of heads or tails. Half of those, 25%, would be a sequence of either two heads or two tails. Half of the remaining, 12.5%, would be sequences of three in a row, and so on. Therefore, in 1,000 coin tosses, you can expect only one run of 10 heads or tails in a row."
In other words, in 1,000 trading days - or about four years - a trader could expect to experience 10 wins (or losses) in a row only once, that is, if trading were as random (normally distributed) as a series of coin tosses, which it is not.

So, your odds of winning with trend-following systems are better than your odds of winning a series of random coin tosses, but there are other challenges to having more winning than losing trades. Although markets are not random, you can still expect short-term random movements within a trend, major reversals at the end of each trend, and the time lag most trend-following systems experience when getting into and out of the market.

As a result, thanks to lags and unexpected short-term random movements, you are still subject to the effects of randomness. Given enough time, an experienced trader can expect to suffer 10 or more losses in a row. It is not a matter of if, but when.

When asked about realistic trading expectations, Thomas Stridsman, author of " Trading Systems That Work" and " Trading Systems and Money Management", had this to say:

"What is more important than how large your winning trade is when you win, or how many winners or losers you might have in a row. It is the mathematical expectancy of your strategy. That is, how much are you likely to win on average on all trades, winners and losers combined, and how much this value is likely to fluctuate in the short term.

"For an even further increase of peace of mind, you also probably are better off looking at profitable time periods, such as weeks or months, rather than profitable trades. Simply looking at a win/loss ratio is not enough."

If you think that doing either more or fewer trades would be a more successful strategy, think again. Kaufman demonstrates in "Short Course" that the more trades the trader performs, the lower his or her profits over the long haul. On average, longer-term trades generate more eventual profits. However, if you're a long-term trader, your risk of getting one or more big losses is increased, since you are in the markets longer and therefore exposed to risk for more prolonged periods. Bottom line, no matter what your trading style or preferred time in a trade, you will lose and lose big on more than one occasion.


Kaufman has the data to back up his claims. He has performed thousands of tests on various systems, and some of these are presented in Short Course. In one example, he tested Microsoft for 10 years ending Jan 2001 and covering a period when the stock moved from a pre- split price of $1.04 to a high of $60 in Dec 1999. It should be pretty easy to beat the odds following that kind of trend, right?

Using an 80-day moving average during the period to generate buys and sells the system, trading both long and short positions, generated a total of 88 trades. Of these, only 36 trades - or 41% - were profitable. And Kaufman comments in the book that "[t]hat's actually good for a trend system, which often has closer to 35% good trades".

These depressing stats are echoed by John Murphy in his book, " Technical Analysis of the Financial Markets". Murphy says that professional traders, on average, experience losing trades about 60% of the time. In other words, they win only about 40% of the trades they enter. Given the grim facts, rookie traders may wonder how it's possible to make money in the markets. All of this begs the question: how can a system that has more losing than winning trades be profitable?

…While Winning the War
Let's look at an example of a system that does very well in a relatively short period, but falters over time. I ran a number of tests to determine if using commercial commodity traders' net positions - published each week by the Commodity Futures Trading Commission (CFTC) in the Commitment of Traders (COT) reports - was useful in trading an index. Tests were performed for the period of 1999 through 2003 using the S&P 500 Index futures and results were impressive.

Using a five- and 22-week simple moving average of commercial traders' positions, buying each time the five-period SMA crossed above the 22-period SMA and selling when it crossed below, the strategy earned 804 points. Contrast this to a loss of 245 points for a buy-and-hold strategy during the four-and-a-half-year period between Feb 12, 1999, and Oct 3, 2003. If we assume the trader traded one S&P 500 e-mini contract with a margin (risk) of $1,800, the profit would have been more than $40,000 after commissions. Out of a total of 12 trades, seven were profitable - that's a win/loss ratio of 58%.

The same tests were performed for the 13-year period from Feb 16, 1990, through Oct 31, 2003. Results were far less impressive. The system returned a total of 555 points, whereas a buy and hold over the same period returned 696 points. Our win/loss ratio also dropped: only 26 out of 55 trades were profitable, giving a ratio of 47%. Not only was the system not nearly as impressive over the longer period, but it was also significantly outperformed by a simple buy-and-hold strategy.

The moral of the story? Whenever you see claims that systems generate outstanding returns over short periods, remember that such statistics are worthless without looking at the bigger picture. Even worse, these claims often create unrealistic expectations in the mind of the new trader who takes them at face value.

Stridsman explains how to compare a trading system to a buy-and-hold strategy:


"The trick here is to analyze the system for its effective time spent in the market. For example, if a system is in the market only 50 percent of the time, you can put on twice as many contracts each time the system enters into a trade, as compared to what you would have in a buy-and-hold situation over the entire period to achieve the same amount of contract hours spent in the market. Looked at this way, in the 50 percent case the profits made per contract traded should be at least half that of the constant-contract, buy-and-hold strategy. Proper money management also allows you to increase the number of contracts traded as your equity grows, whereas a buy-and-hold strategy doesn't give you the same flexibility."

When you approach trading with the assumption that there will be more losing than winning trades, your primary focus shifts dramatically. Instead of spending inordinate amounts of time buying, testing and discarding systems that fail to meet your unrealistic expectations of 70 to 80% (or more) wins to losses, you can concentrate your efforts in the more important but far less sexy area of money management. (For more on money management, take a look at this tutorial on the subject.)

On average, traders spend at least 10 times more time and effort on seeking the magic formula for trading than on learning to manage the trade. This is obvious if you compare the number of trading signal systems available to the number of money management systems available. The same is true for best-selling trading books. When was the last time you saw a best-seller that concentrated on money management? This may explain why so few traders actually graduate to the point of being consistent in the trading game.

Conclusion
Since a large number of professional traders experience more losing than winning trades, learning how to lose is essential to making it as a trader. Furthermore, an effective money management program is absolutely necessary to a trader's survival and long-term profitability. A key part of any money management program is having an effective trading plan and sticking to it. (For more on constructing a trading plan, see the article Ten Steps to Building a Winning Trading Plan.)

Consider what veteran trader and market teacher Larry Williams said in a 2004 e-mail: "Since losses are an integral part of this game, a strategy is as essential as the proper attitude. All jobs have good days and bad days so deal with it. There are no 100% certain trades."

Looking for a system that will win 80% of the time or more is a fool's game. Those who adopt a hope-for-the-best-but-plan-for-the-worst mentality and concentrate their efforts on far more important issues will set themselves up for long-term success. It is the difference between taking a short-term view to win a few battles at any cost and marshaling resources in the battles you lose to ultimately win the war.

If you're serious about getting a handle on this topic, check out the books by Kaufman discussed in this article. You will also find Thomas Stridsman's book, " Trading Systems and Money Management", a worthwhile read for its detailed discussion of win/loss ratios, realistic expectations for various trading systems, and money management strategies. Consider it a reading assignment with potentially big dividends.

end---

usd1683.23

Here is my 3 days profits in GJ from 8 oct - 10 oct...after more than a week unable to trade to celebrate Hari Raya, now i feel "kekok" pulak on 8 oct 08...there were -ve figures but alhamdulillah replaced with +ve +ve and +ve...net profit 3 days i've got usd1335.92

These Commandments for discipline in trading (curreny or stock trader) should improve your trading success if adopted and followed. They were developed after years of experience from trading in the stocks, Forex, and options market and from reading hundreds of books and filtering the essence of knowledge from each, and from continuous research and study of the markets.

1) Trade free from fundamental problems .Don't judge a stock. Don't try to explain a losing position, or love a winning one. A stock may have its "Fundamental Truths," but the "Absolute Truth" is the price.

2) Focus on the proper strategies for trading, and not on making money. Money is merely a result of skill level, or lack thereof. As long as you trade with continuous discipline, don't review prior trades with a "should have" way of thinking. Both winning and losing trades should be reviewed during your journey towards mastering trading.

3) Develop a consistent trading style with your personality and philosophy. Trade on your nature!

4) Decide the reward-risk ratio of each trade before entering. Risking the farm to make peanuts is not the right decision. Create the plan only BEFORE the trade!

5) Sometimes the best action is no action. Only fools think that they must trade every day.

6) Trade along the trend since stock prices flow in the direction of least resistance. If a stock goes against your trend then get out. When in doubt, stay out.

7) There are no emotions in trading. Disciplined traders can watch the market from the perspective as if they are not in a position, even when they are. Do what the market is telling you, not what you think it is right.

8) Make the market come to you. If it doesn't play "as you wish," step aside. Be disciplined, and be patient, and never trade when physically or mentally disturbed.

9) The true battle is not against the market, but learning how to control your own emotional out bursts, psychological demons, and human nature. Many internal battles of letting fear and greed control logic and discipline which unfortunately result in painful losses will be needed in your trading maturation process.

10) There are no "holy grails," magic software to success. Professional traders never stop being students of the markets. Spend time daily developing your skills to be a better person and trader, and take responsibility for your own trades and actions.

argghh...

i start my work today after a long holiday...

To all of you happy working & trading as well!!

Salam...

hari ini aku melalui perjalanan selama 9 jam 30 minit bermula jam 8.30am - 6pm sejauh 650km...eheh hari ni balik kg aku...

letih lah...bye cu..