Monday, December 07, 2009

Forex / stock trading

Well....the reason that why I went for all the above courses is that I want to avoid depending on my luck whenever I traded. That is not a great idea....if you have to depend on just pure luck as we all know that different people has different luck.

Yes....with a good method and the right attitudes towards trading, then trading long term should bring in the money esp since the chances of winning are increased vs just trading on gut feel. That way....luck is the main cause for winning or losing.

What I learned from the courses....is to have position sizing meaning spreading the risk and at the same time to use leverage to max out the capital. Yes....leverage is a double edged sword, used wrongly....then can kena huge loss but if used carefully with "stop loss" in place at all times, then it should be just a matter of time to roll in the money. I am that confident of my trading plan esp with the stock screener and all.

Even if lose...it would be a short term thingy becoz of the present trading situation esp the stock, it's on the high side but who can tell for sure that it won't go up further or that it will go down tomorrow. Yes???

For Forex....frankly I am not that sure but still with a good trading plan esp with position sizing and stop loss in place all the way, it is a matter of time when I hit the winning run. Btw....I am playing with very small bet per trade as per advice from the trainer and from most of the pro traders. And esp for forex....one just gotto learn for doing more trades....and hope your capital last long enough until one hits the winning run. And due to the risk-reward ratio...when placing the bet of 1:3 or 1:2.5 times, the chance of recovering the present loss plus making a passive income is also good. That is my own view....only esp with a trading plan in place!

Really it is not nice to screw-up now since after attending to the lessons plus with all my years of trading and losing. Just time to wise up....and start my winning run soon.

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

4D - no luck! Started trading Hong Kong stocks and quite a nice start with some peanuts' wins.

wINtoTo N aLSo 4D...yEAh! said...

anyway...i took it as a great start!

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.