Thursday, March 22, 2012

Made 11k on Thursday

Easy as it is, good news buy, bad news short. No need stay at monitor all day, Not even every day. Just stay at the right time and made money.

To become profitable day trader you need nerve like a steel or made lot of profits already. Eliminate gambler's alert, that's it. You know why prop trader make more money? Because they trade other people's money. No emotional involved with the money.

I can become sucessful day trader if I want to. But why need the urge? I can easily made 3-5 percent monthly without risk too.

I saw other blog made resolution every time they made bad trade, just to break it over and over again. Very few profitable traders that blogging regularly. Only aspiring trader like me before who think become better and better each day. You are not. You just made rat race on your trading account. I have experienced that too. If you still have a regret missing the big move, you are not ready.

The urge to trade every day also reasoned why begineers failed. Trade when there's only movement. Don't trade when price is dull. That's it. You will make money if you trade only when there is good volatility in market even only with simple MACD signal. Now you just need a good indicator to identify early volatility. For me, if I have so many requotes on my Gold Trade then it means volatile.

Now I spent more money for my pleasure then on market. It's much much cheaper really :)

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