Keep It Simple Silly

[neil]

Forget the bells and whistles - chill out -go with the market-don't blow up trying to fight it................Some good advice from someone who makes money (a Darksider?)

Excellent reading for new traders and some not so new traders.


Jacko's Forex House of Pleasure and Pain
http://www.forexfactory.com/showthread.php?t=27286




An apt quote from someone on the above thread.

"Originally Posted by SeekingLight
It's not about trading EVERY day, it's about trading that ONE RIGHT DAY......You make money by waiting, not by trading. Sounds so silly nobody wants to believe it, but it's true."

 

[shadowninja]

So true.

I only traded on Monday, Tuesday and Wednesday. The conditions were not right on Thursday and Friday; I could have traded but there was more chance of losing money (as in the risk felt higher). Tuesday and Wednesday were extremely good for me, anyway: made about 60-100 points (normally average 20 a day).

 

[shadowninja]

Wow. Could have made a relaxing 50points today (am trying this system using paper trading).




Anyone want to buy some scrap paper with a few scribbles on?




ps Did you notice his comment about how much he "borrows" due to leverage? It sounds like he's putting $1000 per pip. That's $50,000 just this afternoon, then. I thought about that. The idea of winning that sort of money in an afternoon's trading for myself is just head-spinning.