My Trade Diary

Moving ---------->

Thu, 12 Apr 2007 03:56 GMT

I have moved to another blog as some extra features were required to express a trading system which I have derived, which is neither for sale or disclosure. However, anybody with a basic knowledge of technical analysis would find it interesting.

For invite, please email to – novicetrader at eim dot ae

Some Top Traders

Sun, 8 Apr 2007 04:56 GMT

Michael Marcus: Turned a $30,00 ...

Universal Laws of Success

Thu, 5 Apr 2007 09:05 GMT

(1) Law of LOVE - It says in essence - "LOVE ALL PEOPLE AS YOURSELF". All other rules are subordinate to this one Law - they must NOT conflict with it. It's biblical. It applies to everything we do - as individuals - families - business teams - organizations - countries. It is Global in its reach.

(2) Law of CAUSE & EFFECT - ...

Life Wisdom - Bruce Lee

Tue, 3 Apr 2007 09:37 GMT

Empty your mind, be formless, shapeless - like water. Now you put water into a cup, it becomes the cup, You put water into a bottle, it becomes the bottle, You put it in a teapot, it becomes the teapot. Now water can flow or it can crash! Be water my friend.
Bruce Lee.

Simplicity is the key to brilliance.
Bruce Lee

Ever since I was a child I have had this instinctive urge for expansion and growth. To me, the ...

The Two Realities of Trading

Thu, 29 Mar 2007 09:39 GMT

The Two Realities of Trading

There are two realities every trader must understand and accept before she/he can actually start trading for a living!

1) It Is Impossible to Predict Market Turns

It has become very common in the financial markets for analysts or "experts" to offer their "outlook", or predictions for various markets. In fact, it has become ...

How To Beat The Market Consistently

Sat, 24 Mar 2007 08:57 GMT

Source: http://www.themoneyblogs.com/steve/my.blog/how-to-beat-the-market-consistently.html

There is a wonderful book about how to become wealthy and if you haven’t read it, I highly recommend that you do. It is called “Think and Grow Rich” by Napoleon Hill. It is not about trading. As a matter of fact it really doesn’t ...

Trading Without Ego

Mon, 19 Mar 2007 10:02 GMT

Article: Trading Without Ego
by Ruth Barrons Roosevelt

Make no mistake about it. A trader's self concept has to be separate from the trading. Who you are as a person began before you ever thought of trading and who you will be as a person will extend beyond your trading. When personal self-worth entwines with trading, it not only damages self esteem, it sabotages the trading.

You hear about it. You ...

Seven Deadly Trading Mistakes - Part Seven

Fri, 16 Mar 2007 04:50 GMT

Seven Deadly Trading Mistakes - Part Seven
by: Harvey Walsh

Mistake Number Seven - Not Taking Action

For every trader who opens a brokerage account and starts placing trades, there must be a hundred more who had every intention of doing so, but for one reason or another, never actually took that step.

It's a blindingly obvious statement to make I know, but ...

Seven Deadly Trading Mistakes - Part Six

Thu, 15 Mar 2007 06:42 GMT

Seven Deadly Trading Mistakes - Part Six
by: Harvey Walsh

Mistake Number Six - Overcomplicating It

It's easy to get caught up in the details, but if we take a step back for a moment, trading really need not be complicated at all. Finding a strategy to work with can take as long or short a time as you like - there are ...

Seven Deadly Trading Mistakes - Part Five

Wed, 14 Mar 2007 11:30 GMT

Seven Deadly Trading Mistakes - Part Five
by: Harvey Walsh

Mistake Number Five - Not Putting In The Required Effort

It's a strange phenomenon that seems almost unique to the field of internet trading; people believe that they can read a book, open an brokerage account, and start making huge amounts of cash just like that.

I used the analogy of an airline ...

Seven Deadly Trading Mistakes - Part Four

Tue, 13 Mar 2007 11:26 GMT

Seven Deadly Trading Mistakes - Part Four
by: Harvey Walsh

Mistake Number Four - Not Testing

Trading is a great business, it offers potential levels of income and freedom that most people can only dream of. So it's quite natural that having got the groundwork out of the way, the novice trader is eager to get clicking those buy and sell buttons and ...

Seven Deadly Trading Mistakes - Part Three

Mon, 12 Mar 2007 11:16 GMT

Seven Deadly Trading Mistakes - Part Three
by: Harvey Walsh

So far we've looked at how not sticking to a strategy, and not planning our trading will inevitably lead us to loss. Now I want to talk about one aspect of planning in more detail - money management.

You're probably thinking that's a really really boring subject, but before ...

Seven Deadly Trading Mistakes - Part Two

Sun, 11 Mar 2007 11:14 GMT

Seven Deadly Trading Mistakes - Part Two
by: Harvey Walsh

In part one of this series, we looked at the problem of continually switching trading strategies in the hope of finding something better, and why that can never bring us long-term success in our trading.

In this second article, I'm going to talk about a closely related problem many ...

Seven Deadly Trading Mistakes - Part One

Sat, 10 Mar 2007 11:11 GMT

Seven Deadly Trading Mistakes - Part One
by: Harvey Walsh

By studying at the most frequent reasons for failure, we can avoid making the same mistakes as the crowd, and thus turn these negative points into positives. In this series of articles, I will be looking at the seven most common mistakes I see made by traders.

Mistake Number One - ...

Quotable Quotes Of Trading

Fri, 9 Mar 2007 09:35 GMT

"Don't focus on making money; focus on protecting what you have."

Paul Tudor Jones

"The most important thing in making money is not letting your losses get out of hand."

Marty Schwartz

"I always define my risk, and I don't have to worry about it."

Tony Saliba

"The key to trading success is emotional discipline. If ...