Archives of “February 2019” month

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Positive Affirmations

  
  Education
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affirmationsRepeat the words yourself to ingrain them in your brain.
Repeat the words yourself to ingrain them in your brain.

  • –I am a consistent trader.
  • –I have complete confidence in my abilities.
  • – I follow my trading plan.
  • –I know the markets today are capable of doing anything.
  • –I am prepared to trade what I see.
  • –I will have winning and losing trades today.
  • –I set stops immediately after I enter a trade.
  • –I will never add to a losing position.
  • –I have complete confidence in my abilities.
  • –I have supreme concentration.
  • –I will immerse myself into the market flow.
  • –I will take what the market offers up to me.
  • –I know what my trading edge looks like.
  • –I will not hesitate when my system gives me a signal.
  • –I have complete trust in probabilities.
  • –I will buy when my system signals me to buy.
  • –I will sell when my system tells me to sell.
  • –I will trade responsible size, never risking too much.
  • –I am moving closer to my goals everyday.
  • –I am a skillful trader but always striving to do better.
  • –I learn from my mistakes so I do not repeat them.
  • –I have complete confidence in my abilities.
  • –I am an excellent trader.

Links worth reading

  
  Education
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  • The secrets of the Afghan war released (WSJ)
  • BP set to announce Hayward departure (FT)
  • Must read: The death of paper money (Telegraph)
  • European Banking’s Next Focus Is Funding (WSJ)
  • U.K. Growth Forecast Cut on Budget Curbs, Ernst & Young to Say (BusinessWeek)
  • Taleb: Government Deficits Could Be the Next ‘Black Swan’ (BusinessWeek)
  • Deficits Don’t Matter as Geithner Growth Gets Lowest Yield (Bloomberg)
  • When will the US go the way of Rome (RCM)

    • Are you A Discretionary Trader? How would you be able to tell?

      
      Education
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    Here is a quiz that will help you decide. Answer Yes or No to the following questions.
    1. Do you sometimes buy newsletter recommendations without having a real plan for how you’ll get out of the trade?
    2. Do you occasionally (or often) take trades based upon some interesting indicator that you learned in a workshop (i.e., when you see that indicator go, you usually get into a trade, but again you have no real plan about how you’ll get out of the trade)?
    3. Do you trade three or more different systems in the same account?
    4. Do you trade more than ten different systems?
    5. Do you sometimes enter a trade and later not remember why?
    6. Are you unsure of how many systems you have?
    7. Do most of your systems lack a complete set of rules to guide your behavior?
    8. Are your systems equivalent to the setups used to get into the trades and nothing more?
    9. Are you unable to list the rules for the last trade you made?
    10. Are you able to list the rules for any of the last five trades you made? (more…)

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