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The 3 Elements of a Successful Trader

  • #281
  • Feb 14, 2013 2:37am Feb 14, 2013 2:37am
Quoting Les Lau
Earlier buy trade taken Tp1, 2
Tp3 set @1.3573

Now for last(partial) trade i learn to hold it longer
hit SL for this partial position.
  • #282
  • Feb 14, 2013 2:42am Feb 14, 2013 2:42am
eu buy @1.3392, ~missed 2pips (late entry) bcoz bit hesitate

Tp1 taken
Attached Image
  • #283
  • Feb 15, 2013 1:14am Feb 15, 2013 1:14am
Quoting Les Lau
eu buy @1.3392, ~missed 2pips (late entry) bcoz bit hesitate

Tp1 taken
hit Sl, price went downtrend
  • #284
  • Feb 15, 2013 1:16am Feb 15, 2013 1:16am
ej sell @124.02
Attached Image
  • #285
  • Feb 15, 2013 1:49am Feb 15, 2013 1:49am
Quoting Les Lau
ej sell @124.02
Tp taken, now buy ej
  • #286
  • Feb 15, 2013 2:59am Feb 15, 2013 2:59am
Quoting Les Lau
Tp taken, now buy ej
Sl hit.
(*Post analysis: ej just trade once per day as bounus ~esp when no setup entry for eu)
  • #287
  • Edited 3:20am Feb 15, 2013 3:01am | Edited 3:20am
buy eu @1.3220

taken tp1 (50% position)
Attached Image
  • #288
  • Feb 15, 2013 7:50am Feb 15, 2013 7:50am
Quoting Les Lau
buy eu @1.3220

taken tp1 (50% position)
Price struggle then reverse up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15.2.2.gif Size: 9 KB
  • #289
  • Edited 7:34am Feb 16, 2013 7:18am | Edited 7:34am
Quoting MoralAtheist
So tell me then, what is the bigger karma picture? and how can we use it to our advantage?, if it's just out there and we can not control it, I can't really see the difference between karma and luck... Am I missing the point?
Hi u can read earlier posts in this tread regarding karma subject.

In future i might post more for discussion..
  • #290
  • Edited 1:13am Feb 17, 2013 1:02am | Edited 1:13am
Many traders can follow their entry plan & lot size..

Do we have the discipline sticking to the Exit plan?
  • #291
  • Feb 17, 2013 8:41am Feb 17, 2013 8:41am
Quoting Les Lau
Recently i contemplate a lot on what makes a trader successful.
Here's my insight.. .

Edge(system) + Discipline(psychology) + Good Karma(spiritual)
= Successful Trader
I agree
and I think the first two are the most important
I feel good!
  • #292
  • Feb 17, 2013 8:49am Feb 17, 2013 8:49am
Quoting idash
1. Have big balls and take big risks.

2. Go with the masses.

3. Listen to the experts and analysts on various websites.
Disagree!

1. Never take big risks! Learn a solid money management and follow it

2. Never follow the masses

3. experts (i.e. financial newspapers, etc) are not always honest and reliable

bye
I feel good!
  • #293
  • Feb 18, 2013 2:02am Feb 18, 2013 2:02am
eu sell @1.3342, missed 4pips late should entered @1.3346
tp1 taken
Attached Image
  • #294
  • Feb 18, 2013 2:36am Feb 18, 2013 2:36am
Quoting Les Lau
eu sell @1.3342, missed 4pips late should entered @1.3346
tp1 taken
Will it be continue downtrend?

post-analysis:
Let go ej, Fx just focus eu..
Attached Image
  • #295
  • Feb 18, 2013 3:02am Feb 18, 2013 3:02am
Positive hedging.. buy eu using 50% position
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.3.gif Size: 8 KB
  • #296
  • Feb 18, 2013 3:30am Feb 18, 2013 3:30am
Quoting Les Lau
Positive hedging.. buy eu using 50% position
Price blast up
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.4.gif Size: 8 KB
  • #297
  • Feb 18, 2013 3:51am Feb 18, 2013 3:51am
Sell @1.3370, 50% lot size
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.5.gif Size: 7 KB
  • #298
  • Feb 18, 2013 4:36am Feb 18, 2013 4:36am
Quoting Les Lau
Sell @1.3370, 50% lot size
Tp. ~1R for this trade
  • #299
  • Feb 19, 2013 2:22am Feb 19, 2013 2:22am
Buy eu @1.3341 Sl/Tp 17 pips
  • #300
  • Feb 19, 2013 2:34am Feb 19, 2013 2:34am
Quoting Les Lau
Buy eu @1.3341 Sl/Tp 17 pips
Tp!
Attached Image (click to enlarge)
Click to Enlarge Name: 19.2.6.gif Size: 7 KB
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