Friday, January 5, 2007

Notes from Trading Session

If I do 3 bad trades in a row I must cut my size down by a third.

I should always trade at levels , never feel tempted to get into the market just because you think you're missing an opportunity. Others will come.

Look for smaill opportunities in the BUND just a few seconds prior to the open of the US market as someone may be liquidating their positions (just like us!)

Excerpt: Crowds are primitive, and your trading strategies should be simple. You do not have to be a rocket scientist to design a winning trade: cut you losss and run the gains. It never pays to argue with the crownd. Simply use your judgement to decide when to join and when to leave.

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