Monday, September 12, 2011

20110912 This was the fate of those who took o the 'doomsday end of the financial world' trade short. But anyway this could be a rebound on the s&p futures.

In trading, isolate yourself and work out the strategy/tactics for the timeframe you are trading. Try not to listen to others, no matter what their position and how big, nor offer your advice to others. If things turn out with a winthen take the accolades, if a loss comes about, take the loss and full blame for the misjudged trade. This is the essence of good trading, not bragging, asking other's for tips, prying into others' p&l, it does not matter one iota.

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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