Why I Could Not Stick To A Trading Plan?

Whilst drawing up the trading plans I analyzed edges, key price levels, expected profits/losses, trade management, probabilities etc.¬† After the trade has been executed, I became obsessed with the P/L (profits and losses).   Traders¬† who focus on the P/L will likely swing with changing short term accounts of the market environment. They will lose focus of the overall picture […]

Less Risks, More Profits? Love Stress! (Oct 2015)

Nervy Third Quarter The last quarter (June – Sep 2015) was a tragic tale with many acts. Some US$11 trillion was wiped out as stock markets were brutalized across Asia, Europe and US. Commodities accentuated their downward spirals, and funds continued their flight from emerging promised lands, (nearly US$1 trillion drained away over 13 months till July, much of it […]

Edge and Emotions

Simply, an edge gives you an advantage in a trading opportunity on a generally consistent basis. It does not guarantee an outcome. It does not give you control of an outcome. In trading, our emotions gift wrap our perceptions and thinking. Even when we can see through coloured lenses, logic may still lose the contest of will, and we execute […]