Saturday, January 26, 2008

My Daily Mantra....

"I am a professional trader. My job is to take risk. I am able to honour my stoplosses because I am a professional trader. It is my job to trade consistently. If I manage my losses I will be profitable because I am a professional trader. I pride myself in my ability to let my profits run until the market tells me to cut. I feel good about being able to not let my emotions rule my actions. I am a professional trader. I will following my stops and profits to conclusion and not allow my emotions to overrule my actions. I am a professional trader and therefore flexible in thinking and will not allow my current position in the market to overshadow new information being accumulated. I am allowed to make mistakes as it is part of being a professional trader, I forgive myself easily for making mistakes and move on to the next opportunity. Letting losses run is not in my own best interest. Cutting profits short is not in my own best interest. What I have read here is the truth and I believe in my own ability as professional trader to always act in my own best interest."

My Games Plan & Rules...

  1. Open trade position in direction of primary trend...
  2. Focus on Single Curreny - Only focus on GJ...
  3. If trend is Bullish... Identify support level and only open trade at support level in Bullish Trend...
  4. If trend is Bearish... Identify resistance level and only open trade at resistance level in Bearish Trend...
  5. Don't look at $$$... Look at Pips..
  6. Don't open PC and make spot analysis... Just look at same chart and same tools.. Systematically look at trend.. chart pattern... candlestick pattern... etc.. Never enter based on spot analysis...
  7. Open only 2% per trade..
  8. Always remember your game rules.

1 comment:

Anonymous said...

Hi, its already a new year of 2009, i juz wanna know if you manage to make your RM 1 million at the end of last year as you wish.?

If the answer is yes, Congratulation from me, if NO, may i know WHY?