"Success in trading means an excess of profits over losses. Success in the investment field means more good than bad investments. If any one tells you he can be almost invariably successful, put him down as trying to impose on your credulity." - Richard D. Wyckoff
Monday, 18 November 2013
Friday, 15 November 2013
15-Nov-2013 CSE Trade Summary
15/11/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 15/11/2013
Quote for the day
"A trading philosophy is something that cannot just be transferred from one person to another, it's something that you have to acquire yourself through time and effort." - Richard Driehaus
10 Things Traders Confuse with Success
Many new traders deceive themselves. They celebrate small wins. They look for the magic solution to making money through a fail safe system. They believe a seminar or newsletter will change their life completely. The mistake trading for easy money and coaches and gurus for having that secret recipe for success.
Well, there is none, there is simply trading robust methodologies that have an edge, while managing risk, and keeping the right mindset. Trading can be a very fruitful endeavor, but new traders need to quit looking to be given fish and learn to fish for their self.
Don't confuse these 10 things with trading success. New traders need to understand the difference between having a tug on their fishing line and having a boat full of fish.
01. It is not the winning trading system that determines your trading success but your ability to follow it.
02. It is not the big wins that make you rich but your ability to keep them and not give them back in losses.
03. Reading great trading books will not help you unless you read the right ones and really practice their lessons.
04. Mentors will not help you unless you follow their advice.
05. All the training to trade will do you know good unless you put it into action in your account.
06. A great methodology will do you no good if you do not have great risk management.
07. Small winning trades will not make you profitable if you have big losses.
08. Capturing bull market trends make no difference if you give back your profits in the next bear market.
09. A 95% win rate does you no good if your 5% of trades that are losses are bigger than the 95% that are winners.
10. Participating in social media does traders no good if they follow the wrong people and are in the wrong trading groups.
01. It is not the winning trading system that determines your trading success but your ability to follow it.
02. It is not the big wins that make you rich but your ability to keep them and not give them back in losses.
03. Reading great trading books will not help you unless you read the right ones and really practice their lessons.
04. Mentors will not help you unless you follow their advice.
05. All the training to trade will do you know good unless you put it into action in your account.
06. A great methodology will do you no good if you do not have great risk management.
07. Small winning trades will not make you profitable if you have big losses.
08. Capturing bull market trends make no difference if you give back your profits in the next bear market.
09. A 95% win rate does you no good if your 5% of trades that are losses are bigger than the 95% that are winners.
10. Participating in social media does traders no good if they follow the wrong people and are in the wrong trading groups.
http://newtraderu.com/
Thursday, 14 November 2013
14-Nov-2013 CSE Trade Summary
Crossings - 14/11/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 14/11/2013
QTD and YTD Country Stock Market Returns
Below is a look at the quarter-to-date and year-to-date performance numbers (local currency) for the stock markets of 76 countries around the world. So far this quarter, the average country on the list is up 2.53%, while the average country is up 12.84% year-to-date. Of the 76 countries, 61 are in the green for the year, while the remaining 15 are down.
As shown, Argentina and Dubai have posted the biggest gains in 2013 at 86.39% and 72.61%, respectively. Japan ranks fourth on the list with a gain of 40.34%, putting it first among G7 countries. With a gain of 11.42% so far this quarter, Greece is now up 24.45% year-to-date, putting it just ahead of the US at 23.74%. Germany ranks third among the G7 countries with a YTD gain of 19.23%, followed by France (17.1%), Italy (16.8%) and the UK (14%). Canada has been the worst performing G7 country so far in 2013 with a gain of 7.37%.
While most "developed" and "emerging" markets have done well in 2013, the BRICs (Brazil, Russia, India and China) have lagged. Of the BRICs, only India's stock market is in the green for the year, and it's up just 4.4%. Russia is down 5.88%, China is down 6.27%, and Brazil is down 15%. Only Peru has done worse than Brazil in 2013 with a decline of 23%.
Source:http://www.bespokeinvest.com/
Quote for the day
“Whenever a trader says 'I wish,' or 'I hope,' he is engaging in a destructive way of thinking because it takes attention away from the diagnostic process.” - Bruce Kovner
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