Friday, April 15, 2011

Very Difficult

Class again last night.
Class size same, people who come, all different.

We had great time but I wonder, where does the people go?  Is this really difficult?  Is this really tough?
Last night after the 1 hour session, after the cooling down, 1 girl left and leave a message of "very difficult".

Isolation, undulations, shimmies, travelling, v step, reverse undulations, rolling shoulders...
Dancing is difficult... but dancing is a way to express our feelings with our body, not words... words is tough, because choice of words is so important, wrong words used, wrong meanings...

May be, for us to explore the 'body language' at the beginning, is tough.  But may be everyone would think that things can be easy, because we have make it so accessible to the new comers, we are so welcoming, we are so friendly.

Trading is difficult, and yet everyone thinks that it is easy.  Entry is easy.
Winning is easy, losing is easy, it is just about putting the money on the table, then, either take it, or leave it.

But trading is not like that... What the line above saying, is just like gambling.
In our trading, we calculate our entry, we count our risks, compare with our reward, we plan our entry, timing, we plan our exit, contingency plan, we secure our capital with stop loss, apart from all these rules, we have our technical analysis / fundamental analysis, news analysis, what ever analysis tools that one is using, and lastly, our position sizing, money management, psychology...

So many things has to be in place, for a trading setup with an Edge.
What is your Edge?
Are you working hard enough, to have the Edge in trading?
While everyone is risking 100 dollars for 50 dollars, are you risking the same 100 dollars, for 200 dollars gain?  Is your risk of ruin at 0%, is your expectancy in the positive territory, if not, better take 1 step back, sit down, and review all your trading, before coming back to the market with the real hot cash again.

Risk of Ruin, Expectancy, read the universal principles of successful trading.

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