Disqus - Latest Comments for Russell

Re: Rules for Forex Trading

Russell — Mon, 03 Dec 2007 10:43:53 -0000

I trade off a Daily chart which means that at 10 am each morning (I'm in Melbourne) I take a look at the open, what happened overnight, see if there's a pattern indicating a possible breakout, and if so, move to a 4 hour chart to see if I have an entry.

I'm all done in 30 minutes whether I have a trade or not. If there's a trade I set my stop and spend the rest of my day making websites, talking on skype with friends and if the weathers kind, I go enjoy it.

Rule #1... don't be greedy.
Rule #2... don't be afraid of losing sometimes.
Rule #3... don't forget to feed the dogs.
Rule #4... enjoy yourself.

Hey, great blog!

Re: Why 95% of traders lose money.

Russell — Sat, 13 Jun 2009 21:23:22 -0000

Most traders fail because:
1 - they are GREEDY.
2 - they are scared of losing.

To get on the right side of the ledger as a trader one MUST learn to control the emotions of greed and fear of loss.

Greed causes traders to over-leverage, over-trade and miss profit opportunities.
Fear of loss causes traders to stay in bad trades too long (amongst other things).

Learn to control these two emotions and you will become part of the 5% club.

Re: WordPress, Trademarks And Apologies

Russell — Sun, 12 Nov 2006 18:10:43 -0000

Matt is totally offbase here... he thinks "these sites contribute to the autobuilding, autoposting, commentblasting type genre of "blog" software"

Matt is plain stupid here... WordPress and Blogger are the main cause of Blog Spam on the internet today... absolutely friggin' PERIOD !!