Wednesday, July 20, 2011

Market rally??

Hey Folk

Market rally??
Seems like most market is staging higher. But i prefer to stay out for now, I have stay out of gold, FX and equity.

Lets wait for things to clear up for entry. Like i believed

1) Never trade without stops
2) Never trade with emotion
3) Never trade without a plan
4) Never trade without the intention of following a plan
5) Never trade without any analysis
6) Never trade with irresponsibly with your guts feel, news, rumours
7) Never disobey rule number 1


Never trade without analysis and never trade with a plan..if you miss the wave do not chase. Let the market come to you.

Never trade with emotion
...trading is hard, trade with emotion is even harder. So get your emotion out, cutting lost is painful, but not cutting lost is even worst, it might kill your capital to rebound in future.