Friday, November 27, 2009

All trading - Forex and stocks

Yes....all sort of trading, it's a form of gambling. It's win or lose....and always a Zero-sum game. Some win....others loss. But for Forex and Stock....the chance of winning for a beginner or newbie is very slim. For most of the time....it is 5% winning over the rest of the 95%. Meaning....to be a winner, it takes lots of luck and skill.

But in truth....I don't have much of both. So....I must rethink what I need to do with whatever I have got left with me now. To invest more to learn more....or to learn as I go while trading "small". Guessed since I have already throw in the capital to learn, best....to back-test the system/method with doing live-trades both for Forex and Stocks in equal amount. To trade small....until I can get my confidence back eg when I can show a positive P & L at end of next March. ( believed that if I test myself for at least 4 full months using all the methods in the trading system - which is trading and winning in up, down and side-way market conditions ) then when I get my "package" from my company...I shall then trade "big" for the last SHOT for myself. Failure is not an option then!!!

Any advice????

3 comments:

  1. still *%#$$@@@ *****!!)*%$+##???? to myself....for being so screw-up with my luck!

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  2. Or better still...ask my honey to check for any hidden bad luck mode somewhere that I cannot see/find myself?

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  3. Mole....not mode!!! shit with my spelling too.

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