Monday's are usually low volatility day compare to other days and today is no different with majority of forex pairs are ranging and unable to complete even 50% of 21 Day ATR. So no trades executed today. However, from tomorrow onwards this week is filled with heavy news events, so there is going to be lot of volatility and price whipsaws, so be ready for grab some pips.
Here are some trading related quotes from my favorite traders, Enjoy:
Here are some trading related quotes from my favorite traders, Enjoy:
- I just worry when people start wandering down the road that involves skipping the simple things that they can successfully implement for the complex things that are significantly harder to translate into positive account movements.
- Can trading psych help some people improve their results? Sure. But it's like a pair of new golf gloves - if you cant hit the damn ball, new gloves aren't going to magically make you Tiger Woods.
- You have to know your setups and their probabilities. Then, once you see them you must act with conviction and without hesitation.
- The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
- Every time I read a "market" related news. The first thing that comes into my mind is "why would anyone want me to know this?"
- Successful trading isn't about how long you watch the markets for it's what you do within the time you watch that counts.
- My biggest weakness used to be being unsure of myself, second guessing, wanting 23 independent opinions, etc before i acted; kind of an excuse to blame other people if things didn't work out, I guess. In the end though, hesitation gets you killed. Don't see Bear Grylls asking the internet for advice every time he wants to kill, eat or pee on something (generally the latter).
- Although many have eyes, some don't use them towards their advantage...
It's ok though. Some people will never learn how to dance or sing, others will never learn how to trade profitably. We're not created equal as some would want us to believe... No matter how hard I tried, I could never sing.
