Skip to main content

Someone Personal Philosophy

Someone (out there) Personal Philosophy
Life is short. Life is too short for regrets.

If you have a vision of how you want to live your life, on your own terms, make a plan of how you can get there.

It is better to have tried and failed at something, than never trying it for the fear of failure.

I believe that if you put all your heart mind and soul into doing something well, and never give up, you can achieve what you dream of.

Trading, in my opinion, is in general a very risky business. Individuals who remain in the game after the majority has crashed out remain very vulnerable to market odds, and more often than not, they struggle to break even. So why did I go into trading?

Passion
Financial rewards
Financial freedom
Passion
Challenge
Flexible hours
No rat race
No politics
No dirtying of my hands
No inventory
No bosses
Recession-proof
Passion
Passion
And more passion

I don’t believe in doing something just for the sake of money. Yes, money is very important, but having passion for what you do is very important too. For without passion, you can’t be inspired for too long.

I hope to inspire and educate people who are new to trading forex, and those who are already trading forex but losing money, never to give up on this challenging and rewarding business.

Always be humble; learn from other people’s success and failure. Never stop learning, for learning is a continuous journey. The complacent and conceited trader thinks he/she is done with learning after a certain point, but the successful trader knows that he/she will always have more to learn.
Labels:

Popular posts from this blog

Forex Trading Psychology -vs- Forex Trading Method

Did you ever see the movie The Italian Job, and if so do you remember when John Bridger asked: “You see those pillars over there, that’s where they used to string up thieves who felt fine.” Make the transition from paper trading to real money trading and you will feel FINE too – Freaked-out Insecure Neurotic and Emotional. And what a great analogy ‘string up’ is, because after all those months of paper trading winners are replaced with real money losses, that is exactly what you will feel like doing to yourself. The Trading Psychology Viewpoint No discussion about trading, or the consideration to begin trading, can be done without a harsh realization - the vast majority of all traders lose. It is said that the reason that most traders lose is because they are not psychologically prepared to trade, that is they are not prepared to accept financial risk for something of which they have no control over the outcome. Forex Trading is much more of a psychological problem then a methodologica...
Read more

Extreme TMA System

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression. The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For examp...
Read more

What's more important: Trading Method or Trading Psychology?

Ancient argument: What's determines success in trading: A successful methodology  Psychology and discipline?  Answer: BOTH! But this is not a "chicken or egg" dilemma. Clearly in this case method comes before mind. I don't care how much self-discipline you have. If you don't have a viable trading methodology, then you will lose money. So method is more important. Well, maybe "more important" isn't the right phrase to use. But it definitely comes first. The reason I say it may not be more important is because there are many valid trading methodologies available. Yet ironically, traders keep jumping from one method to another ... one indicator after another  one book after another  one mentor after another  one seminar after another  This is the infamous "search for the Holy Grail." Sorry ... doesn't exist. Like most things in life, people keep looking for the answer outside of themselves, w...
Read more