1. B: Big picture: Near the top or near the bottom.
2. S: Stength of Move: Gaps or Big candles
3. P: Profit Margin: Profit Margin of at least 2 to 1
4. T:Time: Very short, very few candles.
5. R: Retracement: 1st retracement or at most 2nd retracement
1. Separate reality (demand and supply)from the illusion (conventional technical analysis, news, announcements, earnings, upgrades and downgrades)
2. Look for the lowest risk, highest reward and highest probability opporatunities, be different and have an edge over my competition.
3.Focus myself as the opponent, never keep growing and improving.Failure is really a learning experience and a key lesson that helps me succeed towards my goal, Failure happens for me.
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Affirmation for trading
1. Technical Analysis: Behavioural Patterns
Mental Analysis: Think like a trader.
2. Attitude :
Take 100% responsibility for my success as a trader.
Have a winning attitude: Expecting a positive result from my trades with the accpetance that whatever results I get reflects my atsge of development and what I need to learn to do better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionire.
3. Trade without fear.
a)Any thing can happen.
Every trade is unique and independent.
I predetermine the risk of every trade.
I accept the risk.
I pay myself as the market makes money avaiable to me.
I do not need to know what is going to happen to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.
I keep the odds in my favour for every trade.
I have a large sample size.
I objectively identify my edge.
I act on my edge without reservation and hesitation.
I continually monitor myself for any trading errors.
I know the necessity of these principles of consistent success and I will never violate them.
b) I am a consistently successful trader.
Sberve my thoughts, speech and actions.Refocus.
Self discipline and Refocus.
I am a consistently successful trader.
c) Beliefs affect my expectations, affect my perceptiona and interpretation, affect my decisions and actions, affect how I feel about my actions and decisions
There is no truth only useful or useless beliefs.
I channel energy into my useful beliefs and withdraw energy from my useless beliefs.
4. Trade without recklessness.
I have a mental structure (rules, retrictions and boundaries) on when to enter, when to take losses, when to take profits and how much to play.
Mental Analysis: Think like a trader.
2. Attitude :
Take 100% responsibility for my success as a trader.
Have a winning attitude: Expecting a positive result from my trades with the accpetance that whatever results I get reflects my atsge of development and what I need to learn to do better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionire.
3. Trade without fear.
a)Any thing can happen.
Every trade is unique and independent.
I predetermine the risk of every trade.
I accept the risk.
I pay myself as the market makes money avaiable to me.
I do not need to know what is going to happen to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.
I keep the odds in my favour for every trade.
I have a large sample size.
I objectively identify my edge.
I act on my edge without reservation and hesitation.
I continually monitor myself for any trading errors.
I know the necessity of these principles of consistent success and I will never violate them.
b) I am a consistently successful trader.
Sberve my thoughts, speech and actions.Refocus.
Self discipline and Refocus.
I am a consistently successful trader.
c) Beliefs affect my expectations, affect my perceptiona and interpretation, affect my decisions and actions, affect how I feel about my actions and decisions
There is no truth only useful or useless beliefs.
I channel energy into my useful beliefs and withdraw energy from my useless beliefs.
4. Trade without recklessness.
I have a mental structure (rules, retrictions and boundaries) on when to enter, when to take losses, when to take profits and how much to play.
Affirmation
1. I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi-millionnaire.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am rich. I help other people and benefit them.
2. I am a consistently sucessful trader. I implement my trading plans with discipline and risk control and explit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.
3. I am an excellent teacher and writer. I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.
3. I am an excellent passive income earner. My main job is to manage my trading income of US$15000 per month and working income of US$10000 per month. I create passive income structures for them. My money works hard for me and generate more money for me. I earn enough passive income to support my desired lifestyle. I work because I love to.
4. I am a good person. I am a good husband. I am a good father. I am a good son. I am a good brother. I am a good friend. I live at Blk 341 Tampines Street 33 #06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in my bak account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.
5. I am a philanthropist and educator and the Board of Director of Hwa Chong Institution.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am rich. I help other people and benefit them.
2. I am a consistently sucessful trader. I implement my trading plans with discipline and risk control and explit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.
3. I am an excellent teacher and writer. I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.
3. I am an excellent passive income earner. My main job is to manage my trading income of US$15000 per month and working income of US$10000 per month. I create passive income structures for them. My money works hard for me and generate more money for me. I earn enough passive income to support my desired lifestyle. I work because I love to.
4. I am a good person. I am a good husband. I am a good father. I am a good son. I am a good brother. I am a good friend. I live at Blk 341 Tampines Street 33 #06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in my bak account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.
5. I am a philanthropist and educator and the Board of Director of Hwa Chong Institution.
Monday, August 16, 2010
Affirmation for trading
1. Technical analysis- Behavioral patterns
Mental analysis-Think like a trader.
2. Attitude:
Take 100% responsibility for my success as a trader.
Winning attitude: Expect a posistive result with the acceptance that whatever results refelect the stage of my development and what I need to do to be better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be multi-millionaire.
3. Trade without fear:
a) Anything can happen
Every moment is unique.
I predefine the risk of my every trade
I accept the risk.
I pay myself as the market makes money available to me.
I do not need to know what is going to happen next to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.
I have to keep the odds in my favour for every trade.
I have to have a large sample size.
I objective identify my edge.
I act on my edges without reservation and hesitation.
I continually monitor myself for any trading errors.
I understand the necessity of these principles of consistent success and I will never violate them.
b) I am a consistently successful trader.
Observe and refocus.
Self discipline and refocus.
New identity.
c) Beliefs affect everything.
There is no truth, just useful or useless beliefs.
I channel energy into my useful beliefs and draws energy from my useless beliefs.
4. Trade without recklessness.
I am a mental structure (rules, boundaries and restrictions) on when to get in, when to take profit, when to take loss, how much to play.
Mental analysis-Think like a trader.
2. Attitude:
Take 100% responsibility for my success as a trader.
Winning attitude: Expect a posistive result with the acceptance that whatever results refelect the stage of my development and what I need to do to be better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be multi-millionaire.
3. Trade without fear:
a) Anything can happen
Every moment is unique.
I predefine the risk of my every trade
I accept the risk.
I pay myself as the market makes money available to me.
I do not need to know what is going to happen next to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.
I have to keep the odds in my favour for every trade.
I have to have a large sample size.
I objective identify my edge.
I act on my edges without reservation and hesitation.
I continually monitor myself for any trading errors.
I understand the necessity of these principles of consistent success and I will never violate them.
b) I am a consistently successful trader.
Observe and refocus.
Self discipline and refocus.
New identity.
c) Beliefs affect everything.
There is no truth, just useful or useless beliefs.
I channel energy into my useful beliefs and draws energy from my useless beliefs.
4. Trade without recklessness.
I am a mental structure (rules, boundaries and restrictions) on when to get in, when to take profit, when to take loss, how much to play.
Affirmation
1. I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionaire.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.
2. I am a consistently successful trader. By 2011, I am the President and Chief Executive of my company. I implement my trading plans with discipline and risk control and exploit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.
3. I am an excellent teacher and writer. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my trading.
4. I am an excellent passive income earner. My main job is to manage my money , manage my trading income, manage my working income and create passive income structures for them. My money works hard for me and generate more money for me. I generate enough passive income to support my desired lifestyle .I work because I love to.
5. I am a good person, I am a good husband for Hwei Ling, a good father for my 3 kids, a good son for my mother, a good brother for my 3 sisters and a good friend for all my friends. I am living in my happy home at Blk 341 Tampines Street 33#06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in our bank account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.
6. I am a philanthropist and the board of director of Hwa Chong Institution.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.
2. I am a consistently successful trader. By 2011, I am the President and Chief Executive of my company. I implement my trading plans with discipline and risk control and exploit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.
3. I am an excellent teacher and writer. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my trading.
4. I am an excellent passive income earner. My main job is to manage my money , manage my trading income, manage my working income and create passive income structures for them. My money works hard for me and generate more money for me. I generate enough passive income to support my desired lifestyle .I work because I love to.
5. I am a good person, I am a good husband for Hwei Ling, a good father for my 3 kids, a good son for my mother, a good brother for my 3 sisters and a good friend for all my friends. I am living in my happy home at Blk 341 Tampines Street 33#06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in our bank account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.
6. I am a philanthropist and the board of director of Hwa Chong Institution.
Saturday, August 14, 2010
Affirmation for Trading
1. Technical analysis is about behavioural patterns.
Mental analysis is to think like a trader.
2. Attitude:
i)Take 100% responsibility.
ii) Wining Attitude. Expecting a positive result from my trades with the acceptance that whatever that happens is a result of my development and what I have to learn to do better.
iii) I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi millionaire.
3. Trade without fear.
i) Anything can happen.
ii) Every moment is unique and independent.
iii) I do not have to know what is going to happen next to make money.
iv) There is a random sequence of wins and losses in a given set of variables in an edge.
v) An edge is an indication of a higher probabilty of something happening over others.
i) I perdefine the risk of every trade.
ii) I accept the rick.
iii) I pay myself as market makes money available to me.
iv) I objectively identify myedge.
v) I act on my edge without reservation or hesitation.
vi) I continually monitor my susceptibility of making errors.
vii) I understand the significance of these principles of consistent success and I will ne ver violate them.
i) Ther is no truth. Beliefs are judged by the extent which they are useful to what I want to achieve.
ii) Beliefs affect my expectation, my perceptiona dn interpretation. Affect my actions and decisions. Affect my feelings.
iii) Beliefs resist changes and demand expression. As such, I channel more energy to my useful beliefs and deactivate my useless beliefs.
i) I am a consistently successful trader.
ii) Observe and refocus.
iii) Self discipline and refocus.
iv) New identity.
4. Trade without reckelessness. Need a mental structure, (restrictions, boundaries and rule on when to enter, when to take profit, take losses and how much to play)
Mental analysis is to think like a trader.
2. Attitude:
i)Take 100% responsibility.
ii) Wining Attitude. Expecting a positive result from my trades with the acceptance that whatever that happens is a result of my development and what I have to learn to do better.
iii) I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi millionaire.
3. Trade without fear.
i) Anything can happen.
ii) Every moment is unique and independent.
iii) I do not have to know what is going to happen next to make money.
iv) There is a random sequence of wins and losses in a given set of variables in an edge.
v) An edge is an indication of a higher probabilty of something happening over others.
i) I perdefine the risk of every trade.
ii) I accept the rick.
iii) I pay myself as market makes money available to me.
iv) I objectively identify myedge.
v) I act on my edge without reservation or hesitation.
vi) I continually monitor my susceptibility of making errors.
vii) I understand the significance of these principles of consistent success and I will ne ver violate them.
i) Ther is no truth. Beliefs are judged by the extent which they are useful to what I want to achieve.
ii) Beliefs affect my expectation, my perceptiona dn interpretation. Affect my actions and decisions. Affect my feelings.
iii) Beliefs resist changes and demand expression. As such, I channel more energy to my useful beliefs and deactivate my useless beliefs.
i) I am a consistently successful trader.
ii) Observe and refocus.
iii) Self discipline and refocus.
iv) New identity.
4. Trade without reckelessness. Need a mental structure, (restrictions, boundaries and rule on when to enter, when to take profit, take losses and how much to play)
Affirmation
1. I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionaire.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.
2. I am financially free. I have accumulated US$1.8 million and have been accumulating US$15000 per month for the past 10 years. My main job is to manage my money, manage my trading income of US$15000 per month and my teaching and writing income of US$10000. I create passive income structures for my trading income and working income. My money works hard for me and generate more money for me. I create enough passive income to suupport my desire lifestyle. I work because I love to.
3. Why? For me to become the person with the right beliefs, attitude and mindset. By 2011, I am the President and Chief Executive of my company. I follow my trading plan with discipline and risk control and expoit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.
For the desired lifestyle for myself, my wife Hwei Ling, my 3 kids , my mother, my family and friends. I am a good person, a good husband, a good father, a good son, a good brother and a good friend. I am a consistently successful trader and an excellent eacher and writer. I am living in my happy home at Blk 341 Tampines Street 33 #06-280 with my silver Toyota Camry and at least US$1.8 million in my bank account with Standard Chartered Bank. I also own 35 Bedok Place as our investment property.
I am a phlanthropist, an educator and the Board of Director of Hwa Chong Institution.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.
2. I am financially free. I have accumulated US$1.8 million and have been accumulating US$15000 per month for the past 10 years. My main job is to manage my money, manage my trading income of US$15000 per month and my teaching and writing income of US$10000. I create passive income structures for my trading income and working income. My money works hard for me and generate more money for me. I create enough passive income to suupport my desire lifestyle. I work because I love to.
3. Why? For me to become the person with the right beliefs, attitude and mindset. By 2011, I am the President and Chief Executive of my company. I follow my trading plan with discipline and risk control and expoit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.
For the desired lifestyle for myself, my wife Hwei Ling, my 3 kids , my mother, my family and friends. I am a good person, a good husband, a good father, a good son, a good brother and a good friend. I am a consistently successful trader and an excellent eacher and writer. I am living in my happy home at Blk 341 Tampines Street 33 #06-280 with my silver Toyota Camry and at least US$1.8 million in my bank account with Standard Chartered Bank. I also own 35 Bedok Place as our investment property.
I am a phlanthropist, an educator and the Board of Director of Hwa Chong Institution.
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