Friday, April 06, 2012

So you want to be a trader


Old, but markets still remain the same...
Basically
1 It's a zero sum game, for every $ made someone lost a $.
2 It's a cutthroat business, given the speculative froth that pervades the market.
3 Whe wrong, CUT.
4 There is no room for EGO in this business, admit defeat and be disciplined to CUT.
5 3 Ms to success, Mind, Method and Money Management
6 Having a mentor helps. For those contemplating going full time and need a mentor email: emacro88@gmail.com

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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

fcpo.blogspot.com


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