"It's your job to get in phase with the market and not try to get market in phase with you"
- William J. O'Neill
誰都知道的道理，但紀律知易行難。
等風來，不如追風去。無勢可以造勢，不要等；事情出現惡化的跡象也不要等，抓緊治理，別拖沓；事情哪怕做錯了也不要緊，錯誤也是收穫，總比不做強。
王陽明
Everyone is a genius in a bull market.
lawrence-lugar@elitetrader.com
(在牛市，大家都是投資達人)
The point is not to focus on the money but on the trade. Any experienced trader knows that any trade or series of trades may fail but if the trade plan is viable the key is to manage according to the plan and the money will take care of itself.
speedo@elitetrader.com
There are OLD traders, and there are BOLD traders.
But there are no OLD BOLD traders".
"Break the rules and you will be sorry".
9 Reasons Most Traders lose and what to do about it.
1. Trading too many markets and over trading.
This can result in over leveraging your account. One bad move against you and you will be blown out of the market. Always have good money managemnt. And never over trade.
2. Can't accept a loss.
A famous trader once said: "I started to be successful when I learned to love losing trades". WE can't be right all the time. Losing trades are inevitable. Learn to accept them and move on.
3. Risking too much.
Leveraging is a double edged sword. It can work for you or against you. Trade within your limits. never over trade and place your stops. Sooner or later the market will humble anyone.
4. Not enough capital.
You cannot trade with the grocery money. If you cannot afford to lose your trading capital you cannot trade with ease. You will be too jumpy if the market moves against. Get too emotional. Under these conditions its hard to be objective.
5. Don't get Greedy.
Some traders try to make a quick killing. They want to get rich quick. There is a saying: "Bulls make money, Bears make money, but Pigs get slaughtered". Never let you emotions affect your trading decisions.
6. Walk before you try to Run.
Educate yourself about the market you plan to trade. Do your homework. Trading is a tough game. You are going to need all the help you can get. Paper trading is useless. You must be able to feel how you will react to a losing position or a winning position when your money is at risk. You have to get your hands dirty. This is an expensive education. There is no other way.
7. Proper money management.
Over trading. Not placing stops. Trying to make a quick profit. Know your limits and trade within them. Limit your losses and accept them. Many new traders are unwilling to admit they are wrong and keep a losing trade too long. On the other hand you must let profits run. Easier said than done, because the tendency will be to cash in early.
8. Be patient the market will always be here.
Most new traders have this itch to start trading right away lured by the possibility of easy money. Wait for the right moment. Wait for a trend to establish itself. Learn technical analysis. As long as you trade in the direction of the major trend, your timing does not have to be perfect. You may have to suffer a small draw-down, but the trend will come to your rescue. In trading "The Trend is your Friend". Your ONLY friend.
9. You must have a trading plan before you start.
Before you make a trade you need a trading goal:
a. Know your entry point.
b. Determine your exit point and stick to it by placing stops
c. Set limits In other words you must have a trading plan, or better still use a proven system. This way since you are prepared what to do, you are less likely to get emotional and make the wrong trading decision.
Traders pay attention to price behavior and not news (noise).
speedo@et
"I don't think traders can follow rules for very long unless they reflect their own trading style."
Ed Seykota
“If your asking how to trade, then you shouldn’t be trading.”
一位elitetrader.com上的網友