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Case Upon - My Ten Commandments of Trading - Part I
I recently had to develop a very simple email manager for a client. It was necessary to extract some text from a database and then to insert that text into an email message, which was then fired off to a mailing list.The problem I had was that the text co
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Turn a coupon into a business card (or vice versa).Coupons are seen everywhere; you clip them from the newspaper to save on groceries, you get them in the mail to save on brand name items, you even get packages in the form of booklets delivered to your do
As a trader, I’ve learned a lot over the past 25 years. If the commandments were for all mankind, then why not have a few for traders as well. Here are my ten commandments of trading. We’ll look at the first 5 today and the other 5 in just a few days.
1. Discipline counts. As a former officer in the Marine Corps, the most likely place for me to start is with discipline. Pros have it – amateurs don’t. Traders who lack discipline are reckless and soon looking for another vocation. You must guard your trading capital as if your life depended on it – because it does.
2. Show no emotions. There’s no crying in baseball and there is no crying on the trading desk. Decisions are made based on “what is” not “what if”. Decisions made from the emotional point of view are flawed and you must steer clear of them at all costs.
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These days everyone is talking about Forex trading and the great opportunity this activity represents for people willing to brake free from the corporate world and start working from home or any where else without losing their current lifestyle and even improvin
As a trader, I’ve learned a lot over the past 25 years. If the commandments were for all mankind, then why not have a few for traders as well. Here are my ten commandments of trading. We’ll look at the first 5 today and the other 5 in just a few days.
1. Discipline counts. As a former officer in the Marine Corps, the most likely place for me to start is with discipline. Pros have it – amateurs don’t. Traders who lack discipline are reckless and soon looking for another vocation. You must guard your trading capital as if your life depended on it – because it does.
2. Show no emotions. There’s no crying in baseball and there is no crying on the trading desk. Decisions are made based on “what is” not “what if”. Decisions made from the emotional point of view are flawed and you must steer clear of them at all costs.
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A Personal Loan, as the name suggests is a loan taken to meet personal financial needs. It can be a marriage in the family, a house renovation, buying jewellery for your wife or paying for your vacation trip. These are the moments you may be looking for some urg
1. Discipline counts. As a former officer in the Marine Corps, the most likely place for me to start is with discipline. Pros have it – amateurs don’t. Traders who lack discipline are reckless and soon looking for another vocation. You must guard your trading capital as if your life depended on it – because it does.
2. Show no emotions. There’s no crying in baseball and there is no crying on the trading desk. Decisions are made based on “what is” not “what if”. Decisions made from the emotional point of view are flawed and you must steer clear of them at all costs.
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We have already known that vending machine business is the one of the most profitable home based businesses. If you decide to start one, you should have a complete picture of vending business. Basically, vending machine business is just like any other business t
2. Show no emotions. There’s no crying in baseball and there is no crying on the trading desk. Decisions are made based on “what is” not “what if”. Decisions made from the emotional point of view are flawed and you must steer clear of them at all costs.
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Unlike the time where the time internet was still in infant stage, search functions today are more than a single and straight forward field. One key design feature in incorporating your on-site search function is the degree of how much guidance you would and sho
3. Don’t follow the crowd. See what everyone else is doing and do the opposite. I like to be the first one at a party and the first one to leave. Why? The food is fresher and the idiots haven’t ruined it for everyone. What I want to do is to fade hope, buy despair and know where the exit is. It’s the first law of the jungle – if you don’t know who lunch is – it’s you.
4. Survival of the fittest. In other words, to survive, you must adapt. There is a time to be long and a time to be short. There’s a time to take risk and a time to avoid risk. Know which is which. Times and conditions change and you must do the same if you wish to survive to play another day.
5. Patience is a virtue. As a trader, you need patience. You don’t have to swing at every pitch, but when you get your pitch, you better swing. Be patient and pick your spots. The trades that are right for you will find you.
In my next artic
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