Hi traders,
Trading is like a video game. In some video games, you can level up your character from level 0 to level 99. Final Fantasy anyone? As you level up, your attributes increase. Strength up, agility up, defense up and etc. At higher and higher levels, you can equip better weapons, heavier armor, faster boots. And defeat stage bosses.
http://i48.tinypic.com/2hx3oso.png
So it is similar to trading. As you level up in your trading skills, your ability to attack and defend against the market increases. You get better at knowing when to enter the market (attacking skills ), when to cut loss (agility skills ), when to stay out of the market (defensive skills ). Also, you are able to manage your position size, when to up or down your position size according to your experience (constitution and wisdom skills). Last of all, with each trade, you are aware of your own psychology (mind skills).
In this thread, i wish to share my mind games of trading. Remember, trading is a mind game. As i share, hopefully all of us can level up from our current level to level 99. At a high enough level (level 70-80??), we should be able to extract profits from the markets consistently. Do note that i am mainly a forex trader. So my charts are forex-based charts.
I will post my thoughts frequently and will help us level up from level 01 to level 99. Alright, i will be posting on level 01 soon. Bookmark this thread.
http://i45.tinypic.com/2i03eo5.jpg
Trading is like a video game. In some video games, you can level up your character from level 0 to level 99. Final Fantasy anyone? As you level up, your attributes increase. Strength up, agility up, defense up and etc. At higher and higher levels, you can equip better weapons, heavier armor, faster boots. And defeat stage bosses.
http://i48.tinypic.com/2hx3oso.png
So it is similar to trading. As you level up in your trading skills, your ability to attack and defend against the market increases. You get better at knowing when to enter the market (attacking skills ), when to cut loss (agility skills ), when to stay out of the market (defensive skills ). Also, you are able to manage your position size, when to up or down your position size according to your experience (constitution and wisdom skills). Last of all, with each trade, you are aware of your own psychology (mind skills).
In this thread, i wish to share my mind games of trading. Remember, trading is a mind game. As i share, hopefully all of us can level up from our current level to level 99. At a high enough level (level 70-80??), we should be able to extract profits from the markets consistently. Do note that i am mainly a forex trader. So my charts are forex-based charts.
I will post my thoughts frequently and will help us level up from level 01 to level 99. Alright, i will be posting on level 01 soon. Bookmark this thread.
http://i45.tinypic.com/2i03eo5.jpg