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First lesson of trading given by a stranger

peachynicnic Posted 26 Sep.  in #Miss Dukascopy 2014 #Trading #Friends #Lesson #Fate #Benefit #Stranger
Today, I had my very first online lesson of trading.
And my tutor is a gentleman from Dukascopy community.
I don’t know why there is such a nice person on the earth who are willing to spend so much many time on a never-met girl.
The point is he is not even asking for any returns or benefits, but just want to make friends.
Normally, we, as human beings, do thing depend upon its value of return.
We always focus on getting reciprocal benefits from each other, unless the two parties are real good fr…
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KoBe avatar
KoBe 28 Sep.

Verindur, but there are too many applicants .. I stand less chance lol

verindur avatar
verindur 29 Sep.

You are the only one who knows that little secret. lol.

peachynicnic avatar
peachynicnic 29 Sep.

KoBe verindur Please stop making fun of me !! It is totally not the case !!

verindur avatar
verindur 29 Sep.

Oh sorry peachynicnic !!! I was just trying to increase KoBe's self-confidence. And moreover you should be happy. There is so much competition for you.))))))));

iiivb avatar
iiivb 29 Sep.

peachynicnic : trading is a lonely lifestyle ... until you manage to become consistantly profitable ... THEN ... you are the King of your own time :)

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Lesson learned!!

P3tr4 Posted 18 Apr.  in #Trader's blog #Lesson #Trading Losses
i learnt a great lesson yesterday: Avoid trading around holiday periods. I opened trades that took forever and a while to move, and they still sent against me, even though they initially started in my trade direction. I am guessing this was due to the fact that momentum was not enough to carry the trades through.
There i was firing off trades, when big bank traders were wrapping up for the Easter holidays!!..
I have learnt my lesson. No more over-trading for this trader!!
I am still holding my n…
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Dinka 27 Apr.

Amen and Good luck, dear friend!!! :)

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Trading Lesson

alifari Posted 12 Apr.  in #Trader's blog #Trading #Lesson
You must become a student of yourself. Forget the markets. Study you. When you understand yourself and how you personally create your actions, you will be able to control your executions. You will never trade for consistent profits until you know why you do what you do and why everyone else does what they do, because both of you cannot be right in this game. Until you are thinking (and therefore acting) correctly against price action, you will never know why price action is what it is. You cannot…
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New Market Wizard - Randy McKay

alifari Posted 7 Jan.  in #Inspiration #Lesson #New Market Wizard #Randy Mckay
Randy McKay -- There are few futures traders who have gone from a starting account of several thousand dollars to double-digit million-dollar gains. Those who have kept their winnings are even fewer. The start of McKay's trading career coincided with the birth of currency futures trading. Over his entire trading career, McKay has been profitable for his own account in eighteen out of twenty years. A conservative estimate would place his cumulative earnings in the tens of millions. (Source New M…
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Jesse Livermore - Reminiscences of a Stock Operator

alifari Posted 23 Dec.  in #Trading #Quotes #Lesson #Jesse Livermore #Reminiscences Of A Stock Operator #Book
Some inspiring and educational quotes by Jesse Livermore (from Reminiscences of a Stock Operator)
1) And when the market goes your way you become fearful that the next
day will take away your profit, and you get out-too soon. Fear keeps you
from making as much money as you ought to. The successful trader has to
fight these two deep-seated instincts. He has to reverse what you might
call his natural impulses. Instead of hoping he must fear; instead of
fearing he must hope. He must fear that h…
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geula4x 24 Dec.

+1 Liked: Thanks for sharing :-) A "classic" trader's book IMHO :-)

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Jesse Livermore - Reminiscences of a Stock Operator

alifari Posted 14 Apr.  in #Trading Psychology #Inspiration #Lesson
Some inspiring and educational quotes by Jesse Livermore (from Reminiscences of a Stock Operator) 1) And when the market goes your way you become fearful that the next day will take away your profit, and you get out-too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his …
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highwayman 17 Apr.

All Good Advice +1 Have You Read The Book ? Does He Explain His Trading System ?

alifari avatar
alifari 17 Apr.

Yes, I read the book, its not about system but his trading journey and all the ups and downs he went through. I would recommend you to read it.

highwayman avatar
highwayman 18 Apr.

The Title Is "Stock Operator" Not "Stock Trader" Or "Stock Broker" Does Operator = Manipulator ?

alifari avatar
alifari 18 Apr.

Not sure why the title is that, but it is a nice read....

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