hi everyone
this is my trading reflections blog. =) if u are looking for a record of my trades, scroll to the bottom of the page.
i'm an easy going person, but i tend to think alot, sometimes too much for my own good. well, what do you expect from a physics graduate.
this photo is taken from my favorite prata shop in jurong east. it serves 20+ varieties crispy prata, not the typical rubbery ones.
i just starting working, so i don't have much money to invest. so all my trades recorded at the moment are virtual trades.
but don't look down on my virtual trading. the net percentage returns of my trades, have exceeded 100% in just 1.5 months. =) that brings me to my first trading principle:
1) If you can trade $5000 to 10,000, you can earn any amount you want!
the principle holds true even if it is just a virtual $5000 to a virtual $10,000. it's just a matter of replicating it once you get the first step right... trading conservatively, doubling your capital can be done in under 3 months.
but first, you need a trading plan. that brings us to principle number two:
2) Never trade without a trading plan which includes entry criteria, exit strategy and stop loss.
it's a bad idea to put money in a stock market and hope. but that's what most people do. failing to plan is planning to fail.
the actions of 1 individual is impossible to predict, but the collective actions of millions of individuals in a stock market can be predicted with a certain degree of probability. certain price movement patterns indicate either a upward or downward trend lasting for few days to a few weeks. A trading plan is one where such an entry criteria and the potential price move is identified.
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