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This site is created to keep track of my analysis and trading decisions for equities, currencies and commodities based mainly on technical analysis. Readers should be reminded that any thoughts expressed in this blog should not be viewed as recommendations to trade.
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Interesting quotes
"We all like to hope that a trade will succeed - and a stop is a piece of reality that prevents traders from hanging on to empty hope. Learning to place stops is like learning to drive defensively. A stop is not a perfect tool but it is the best defensive tool we have." Alexander Elder
"So many people want the positive rewards of being a successful trader without being willing to go through the commitment and pain. And there's a lot of pain. Avoid the temptation of wanting to be completely right." Bill Lipschutz
"When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes." Jesse Livermore
"Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets." Michael Carr
"Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." Paul Tudor Jones
"Don't be a hero. Don't have an ego. Don't ever feel that you are very good. The second you do, you are dead." Paul Tudor Jones
"I'm relaxed at what I am doing [trading] because I have a plan. I know what I want to do, and I am really trying to execute it. I think most traders do too much thinking on the spot. They should come in with 90% of the decisions made and just be putting the frosting on the cake." Richard Dennis
"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." Victor Sperandeo
"So many people want the positive rewards of being a successful trader without being willing to go through the commitment and pain. And there's a lot of pain. Avoid the temptation of wanting to be completely right." Bill Lipschutz
"When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes." Jesse Livermore
"Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets." Michael Carr
"Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." Paul Tudor Jones
"Don't be a hero. Don't have an ego. Don't ever feel that you are very good. The second you do, you are dead." Paul Tudor Jones
"I'm relaxed at what I am doing [trading] because I have a plan. I know what I want to do, and I am really trying to execute it. I think most traders do too much thinking on the spot. They should come in with 90% of the decisions made and just be putting the frosting on the cake." Richard Dennis
"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." Victor Sperandeo
Financial Sites
Education for Traders
- Intermarket Analysis: Profiting from Global Market Relationships (Wiley Trading)
- Master Traders: Strategies for Superior Returns from Todays Top Traders
- Reminiscences of a Stock Operator
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
- The New Market Wizards: Conversations with America's Top Traders
Blog Archive
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2008
(11)
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January
(11)
- Hang Seng Index (correction or bust?)
- No love for the loonie yet
- The little giant (NZDUSD)
- Commodity currencies to shine again? (AUDUSD)
- Can Bernanke be the market saviour?
- EURGBP a never ending rally?
- Weekly recap (12/31/07 - 1/4/07)
- Classic read for the weekend
- Will EURCHF suffer the same fate as GBPJPY?
- USDJPY collapsing?
- My 2008 Trading Diary
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January
(11)
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