Setting of Stop Loss is an important skill for trading. For every entry made, SL can be set by: 1) a fix point 2) behind, or slightly in front of the recent entry's wave. Another skill to be mastered.. After entry, moving of SL when: 1) Price going ...

The 3 Elements of a Successful Trader

Remember to do contributions/ charity

The 3 Elements of a Successful Trader

For Candlestick reversal pattern/ False breakout trading use TF at least M5(more accuracy) *Note: Myself had switched to indices(CFD) trading.

The 3 Elements of a Successful Trader

Air & Water.. Which one is more important?

Exit is more important than the entry

Real success is not a short term(few mths/yrs) success.. A Real success is a long term, sustainable success. Good Karma is important to a trader since it will attract good trading edge, plus psychology advantage. To improve Karma, 3 methods: 1) ...

The 3 Elements of a Successful Trader

image Ling Shan, Wuxi Big Buddha

The 3 Elements of a Successful Trader

EU 22/5/12. TP1 taken image image

The 3 Elements of a Successful Trader

Today's EU trade, sell @1.2800

The 3 Elements of a Successful Trader

Minimize Drawdown If trading with high RRR eg 1:4 or more, we can use double positions entry, with SL the same: - 1st TP about RRR 1:1. - 2nd TP RRR 1:4 or more This will give you pshycological advantage + minimal drawdown..

The 3 Elements of a Successful Trader

Maitreya Buddha Image image

The 3 Elements of a Successful Trader

Trading Breakout: time of trading is crucial.. False Breakout Trading: more opportunities, use S/R, candlesticks confirmation(reversal) pattern for entries.

The 3 Elements of a Successful Trader

I place trading strategies under System/ Edge.

The 3 Elements of a Successful Trader

“若真修道人，不见他人过。” --- 六祖惠能 A real practitioner doesn't look at & dwell with other person mistakes --- Six Patriach Hui-neng

The 3 Elements of a Successful Trader

Everything we see in the world is a reflection of our own inner mind. 相由心生 一切为心造 A real Good person will see Good things everywhere Also when we see other Shortcomings it's actually our own.

Technical Analysis Fallacy

The Zen Story of Buddha & 'Shit' — Talking about satan, i too have a story to tell During the Song Dynasty in China, Su Dongpo, a famous scholar & Zen Master Fo Yin were good friends. They like to poke fun at each other. One day both of ...

Technical Analysis Fallacy

This is called Psuedo-science (伪科学). Don't forget for thousands of years ago Chinese also thought their country is the center of the world..hahha Actually we can prove that 'ANY' place can be the center of the Earth by manipulating numbers, if we ...

Technical Analysis Fallacy

The Zen Story of Buddha & 'Shit' — Su Dongpo, a famous scholar of the Song Dynasty & Zen Master Fo Yin were good friends, and they liked to poke fun at each other. One day they had a sitting meditation session together at Golden Mountain ...

The 3 Elements of a Successful Trader

Good post. Tq

The 3 Elements of a Successful Trader

Mind — Be as Objective as possible when doing analysis, setup entry & backtesting Accept the reality, release the mentality of bias, 'should have done that', & 'hoping' Emotional stable. Get rid of overconfident & feeling of despair (swing ...

The 3 Elements of a Successful Trader