Friday, April 05, 2013


NQ 100 futures
Stanley Kroll on getting out of the losing mindset; "In short, if you make money in your trading, stand up and accept the accolades and the financial rewards. But if you lose money, you alone should accept the responsibility. You must have confidence to trade in the marker, because the most serious 'loss' of all is the 'loss' of confidence in your ability to trade independently and successfully. If you don't have that confidence, you probably shouldn't be making any trades, except to close out adverse positions to limit your loss exposure. The list of speculators' laments goes on, but they all seem generally related to carelessness or poor trade timing, misjudgement of the market trend, ignorance of the basic tenets of sound strategy, or lack of self-confidence and discipline. Serious introspection suggests this thesis: a sound strategy, viable tactics and good money management, and consistent risk control are even more important to overall success than a good technical or charting method. " In reality, most traders go round asking other traders their opinion on the market direction, and how news such as election will affect the direction. worse still some poke their nose into others business, asking questions like "How today? Make how much"

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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