Friday, April 29, 2011

20110429 FCPO futures 5 min. My fellow trader was commenting just after the market opened gap down...."From the daily chart, it looks bearish pointing to 3200" Well, if you look at the intraday chart the $ was made in scalping long. The trader I think tried to focus on shorts and was fighting the whole day. This is tradig, when "every comment made on market direction is a partial truth, and hence contains a dangerous lie."

In trading, you own opinions will be your worst enemy, and others' opinions will be your next worse enemy....

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system