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Ideas and thoughts of Charlie Munger
FRAGMENTS (1) ” It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent” Charlie. (2) ” When you...
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Destructive Emotions in Market Place
(1) GREED Greedy investors tend to be over confident and want to make as much money as they can in a short period of time.They want big profits and they want them now. (2)FEAR All people fear loosing...
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The Market Participants
(1) Bulls are buyers, a bull fights by striking upward with his horns. (2) Bears on the other hand fights by striking with his paws.Bulls look up.Bears look down and price is a constant fight between...
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Ideas and Thoughts of Warren Buffett
FRAGMENTS (1) ” Never invest in a business you can’t understand.” Warren (2) ” An investor needs to do very few things right as long as he or she avoids big mistakes” Warren (3) ” You don’t need to be...
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March 2014 Actual Trades
March 3, 2014 Monday Trade 1 Sell Entry 3815 Stop loss buy 3905 Planned loss 95 pips (Reason H1 UB pierced, Negative divergence RSI 14 RSI 83.45 & 77.58Filed under: Home
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Practice is the key to building expertise
(1) Practice of routine task. Entry, holding and exit. (2) Feed back. Problems occur. Problems become the focus of further practice. Highlighting a limited number of trading skills and drilling traders...
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Money Management is the key to trading success
Money management tasks (1) Determine how much you are willing to risk on each trade? (2) Pay attention to your risk points.Take small losses before they become big losses. Success in the game of...
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The Band Wagon Theory
A glimpse at how the market really works Imagine a bandwagon that is rolling forward at a quickened pace.Music is very pleasing to the ear is being played from speakers on each side of this bandwagon,...
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Your Perception will become your Reality
Most market players fail to realize that their trading reality, what they experience, is largely determined by their interpretation of the market.It is not necessarily determined by what the market...
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The Mental System – Part 1
At the most basic level, we create experience for ourselves by the mere fact that we exist.To exist implies that our senses are alive and that we are interacting(acting as a force) with the...
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