Friday, 14 September 2007

Boon Said and Advise

Most new traders win in their first couple of trades. They are very careful when they are new to the market and it takes them months to research and to think of what to buy. As time progresses, they become sloopy and want to do 5 trades in a week! This is when things start to go wrong. The worst is they have forgotten these 3 very, very important prerequisites -- (1) risk awareness; (2) planning; and (3) patience. Be a responsible trader, only trade when you knew you can win! Keywords: Price Action, Pivot, Floor Pivot Points (FPP's), 81-Day EMA Rejection, 20-Day EMA Rejection, Darvas Box, 4-Pivot Formation, Rising 3 Formation, Fibonacci, Invariants, Propagation, Harmonial Behaviour, 1-to-1 Swing, 1-2-3-4 Swing, Failure Swing, Swing Target, etc. I trade the US futures (ES, YM, and ER2) and Bursa Malaysia.

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