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Trading Lessons

Yet, another rogue trader..another good old story

Posted on March 04th, 2008 in Trading Lessons, news

I might be a little bit too slow on this, I just received an email from MF Global talking about the loss caused by one of their trader in U.S. Here is the news from my ‘googling’.

MF Global Hires Risk Consultant after Rogue Trader Loses $145.5 million
Brokerage MF Global has hired external risk consultants to [...]

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Uhm…I am all Aussie…now

Posted on February 23rd, 2008 in Trading Lessons

I closed my AUDUSD position on Wednesday. On Thursday, I again entered two long positions. I am stubborn, maybe. : Anyway, we have made a new 4-week high. And I am still positive. Nothing much to talk about. What do you wanna know from me? I am Long Aussie.
Here is [...]

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Tags: Forex Blogroll, FX, Trading Journal

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A note to my friends

Posted on January 29th, 2008 in Trading Lessons

I have a group of friends who recently lost some money in stocks markets. (Ok, let’s blame the market, if it makes you feel better.) To my surprise, they are rushing into currency trading now, and heck, live accounts. I can see the fire on their head. “I am going to make a killing in [...]

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Tags: Advice

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Random thought while shopping at Vic market

Posted on January 13th, 2008 in Trading Lessons

While shopping for some fresh fish and vegetables in Victoria market this morning, some random thought came into my head.
Why do you fear when holding a position overnight? Because you are not confident or not sure about your setup and strategy. Next , because you are not risking the amount that you are comfortable with. [...]

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Today’s coffee thought

Posted on January 10th, 2008 in Trading Lessons

Maybe I had been staying in Singapore for too long, I tend to work or live by rules. Here is something for you to think about.
When crossing a road with moderate traffic, would you rather press the ‘cross’ button of traffic light and wait for the green light before crossing? or you will take your [...]

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Today’s coffee thoughts

Posted on January 04th, 2008 in Trading Lessons

Something for you to think about. You own a cafe, you manage to get some nice coffee beans at pretty low price, and selling a cup of coffee with normal market price. But, your cafe is located at some odd location. And you only have a couple of office workers patronize during working days, and [...]

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