Friday, March 2nd, 2007
Over the lunch, my colleague mentioned about conspiracy stories in China stocks market. "The sell down of china market was caused by American!" ...LOL..
Anyway, Michael Marcus discussed something on this topic in Market Wizards: Interviews with Top Traders.
The foolish belief that there is conspiracy in the markets. I have known ...
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Thursday, March 1st, 2007
Michael Marcus mentioned some wisdoms about life of a trader in Market Wizards: Interviews with Top Traders.
If trading is your life , it is a torturous kind of excitement. But if you are keeping your life in balance, then it is fun. All the successful traders I've seen that lasted ...
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Wednesday, February 28th, 2007
Michael Marcus discussed causes of financial disablement in Market Wizards: Interviews with Top Traders.
I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert....Typically, however, these so-called "experts" are not traders. Your ...
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Tuesday, February 27th, 2007
Michael Marcus mentioned some important rules in Market Wizards: Interviews with Top Traders.
Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don't stay with your winners, you are not going to be able to pay the losers.
You ...
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Thursday, February 15th, 2007
Linda Bradford Raschke mentioned some wisdoms of short term trading in The New Market Wizards: Conversations with America's Top Traders.
I put a great deal of effort into getting the best entry price possible. I feel this is probably one of my strongest skills. In day trading, a good entry price ...
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Wednesday, February 14th, 2007
Here is another piece of trading rule from Paul Tudor Jones, quoted from Market Wizards: Interviews with Top Traders.
The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are ...
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