Mind Matters
Paper Trading – Serious or Not?
One of my students posted this in my forum which prompted me to share something I taught in the most recent Malaysian Tutorial.
… I feel that although taking paper trade seriously in cutting losses and being discipline in your trading plan, it lacks the stress and pressure when I used to do actual trade in [...]
Why Traders Fail – Lesson 3
This lesson looks at the most popular reason why most Traders get wiped out – The Hype
Through the years, trading has always been a pipe dream for most who wanted to get filthy rich. With the advancements in technology over the last decade, this pipe dream has been brought closer to home than ever before. [...]
Why Traders Fail – Lesson 2
Now we look at a controversial reason why most traders fail - The Attitude
It starts right at the start where most newcomers think that the market can be a get-rich-quick plan. This is akin to thinking that the market is like a casino. Consider this fact – the house ALWAYS wins. So if you treat the [...]
Why Traders Fail – Lesson 1
This is the first of a series of mini-lessons on why so many traders fail. These mini-lessons aim to pinpoint some of the common (but not so obvious) mistakes they make and how some of the most common-sense practices go out the window the moment they start trading.
In Lesson 1, we look at where the [...]
Credit – Then And Now
Back in 1992, having Gold Cards from AMEX, MC and VISA was a big deal. This was because you REALLY had to qualify for it by having an obscene income that was validated by your income tax statement. The qualifying factor for Gold was an income above S$48.000 annually in a time when average pay [...]
Assess Youself
I thought I’d take a different spin on posting today and provide you statistical junkies with all sorts of on-line assessments so that you can “find” yourself and maybe help some of you with your … um … issues!
No mumbo-jumo this week so let’s just cut to the chase and let’s have ourselves some fun!! [...]
Herd Instinct – Results of a Personal Poll
For about a month, during my rounds of Jakarta, Penang, Kuala Lumpur and here in Singapore, I have been taking a poll on what people are and have been trading as well as their results after periods of a year and more. The unofficial results did not surprise me but what was noticeable was the [...]
Motivational & Inspirational
In response to my posting on “Perceptions and Expectations”, my friend, G.M. Teoh sent this lovely story to me …
When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the The Mayonnaise Jar and 2 Cups of Coffee.
A professor stood before his philosophy class and [...]
Sooner Rather Than Later
You enter a trade. It goes well for the first few moments. Then without warning, it turns and goes the wrong way! Horror of horrors! Now in the heat of the moment, you battle your wits for the best decision to make as the trade gets worse … cut now? … or wait a while [...]
The Advantage of an Opinion
Over the last few weeks, I observed a disturbing trend amongst my traders and found that these “troubled” traders had a common problem (even amongst my seasoned and better Scalpers). This is a very familiar problem to which I had a simple solution. It was a psychological problem that was opening up a weakness in [...]
