Trading

“Trading is a difficult challenge that will test your emotions more than you can imagine. From birth, we gravitate towards things that make us feel good and run from things we fear. If you take this instinctual and conditioned action in trading, you will lose. For example, if you wait for news and charts to look “good” before you buy into a market, price is already high and at retail prices at that point. You can’t buy when price is at retail levels and profit consistently. If you sell into markets when everything including news, indicators, and opinions are “bad,” you are selling when price is low and at wholesale levels, which is the last thing you want to do. The goal is to buy low and sell high. You must understand that proper trading is not easy on the emotional side and you don’t want it to be. If it were easy, everybody would be doing it and making money, but that is just not the case. The people who do well over time are the ones who understand that the path of learning and practicing takes time and is typically a bumpy road. The key difference between those who fail and those who stick it out and succeed is that the successful ones embrace the bumps in the road with a positive attitude. They realize that the bumps are needed failures that allow them to grow. You see, when you experience failure, it is really success letting you know that you have identified a flaw that needs to be corrected or removed, and that’s a great thing.”

Sam Seiden

“Most people are afraid of failure in any part of life, especially things like trading and personal relationships. You have to understand that failure does not happen TO YOU, it happens FOR YOU. It is a gift that offers the opportunity to grow. When you shift your mind and think this way, you will smile with each failure, knowing that you have just identified a flaw that needs to be corrected, removed, or improved. Adversity is scary in the moment, but it is always when we grow the most. Failure is only permanent when you allow it to be. How wonderful adversity and failure really are.”

Sam Evans

“As I have said many times before, trading is not really about making money, but instead it is all about capital preservation. Without money in the account, you can’t trade. Always risk small percentages of your account and use decent risk to reward ratios which, in time, will provide you with a buffer to cover the losses that you will endure. Risk rewarding ratios are far more important in the longevity of a trading career than hit rates… trading is not about how you win, but how you lose. Lose small and win big is the idea and if you are disciplined enough, you can still make good money with as little as a 30% success rate. This is one of the only businesses in the world where we can get paid for being overall losers, but only if strict risk management principles are adhered to at all times.”

usdjpy en nivel crítico

En el gráfico del diairio podemos observar como el USDJPY está muy cerca de llegar al soporte. Estemos atentos a como va a reaccionar, pues puede ser una muy buena oportunidad.

Joe Ross

“Trading is not a job. If you want a job, go out and find one. Trading is to be done leisurely, with plenty of time in-between during which you do not trade at all. You cannot possibly be at your best all of the time while sitting and watching a screen. The pros typically trade a short period of the day, usually around the open, and then again at the close. That’s why they last as long as they do. For those who stay in the market because they act as market makers, they trade their own money only when they can take advantage of you for a few ticks at various times during the day. Otherwise, they stand aside, waiting to fill orders from the outside, which is what they feel they have to do.”