Hi Traders,
Are you having problems with your trading, don’t have a trading plan, getting into trades on impulse, risking too much on each trade, yes I know, I was in the same position as you years ago. Do you want the opportunity to overcome these issues? ok, run along to this site now and purchase this amazing money making machine home study course.
www.fibonaccistockmarkettrading.com
Happy Trading
Ken Otalor
KO Financials Inc
One of the biggest problems with traders is that they refuse to forgive themselves for trading mistakes. This causes a much bigger problem that most people realize. You see, when you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they do quite the opposite. They beat themselves up and continually picture what they did wrong in vivid detail, this is the very worst thing you can do after making a mistake, trading or otherwise.
Stay close to this blog because I will reveal some psycho-cybernetics secrets related to trading.
Statistically, 90% of traders lose in the stock market, so 10% are making money from the 90%. Scary figures right, but it’s true.
Reply to this post, If there are areas in your trading that you are having difficulties with.
Alternatively, send me a private message and I will be happy to answer it for you.
Remember, ask and you will receive.
Ken Otalor
Price moved in my trading direction.
Exited trade at Target 4 @12426. Another fantastic trade of 62 points profit.
Simple strategy with great results
Keep to the K.I.S.S theory
KEEP IT SIMPLE STUPID
In trading, it is important to keep a balanced life. In my early years of trading, I studied morning, night and weekends with the aim to be the best trader on the planet. Looking back, I learnt alot but my life outside trading was non-existent.
My words of wisdom to new traders and if I had the opportunity again, I would have had a more balanced life.
Take a long term perspective of your. Have specific goals, which you will plan but most importantly implement to adhere to.
Treat trading as a business. Have a time period which you will work from every day, then switch off from trading.
Don’t get into the situation of watching every tick on every market from day to night.
See trading as an enjoyment, feel relaxed but focused.
Remember: WORK SMART NOT HARD
Your Coach
Ken Otalor
Emini dow futures
Enter long @ 12364
Sell stop - 12344
Target 1- 12383
Target 2 - 12391
Target 3 - 12400
Target - 12426
Price hit Target 1 but failed to continue the move long. Ended with a small profit. Look for next opportunity.
E-mini dow futures
Entry
Long @ 12331
Sell stop @ 12311
Target 1. 12345
Target 2. 12364
Target 3. 12380
Target 4. 12412
Very soon I will be posting my trades, the majority based on swing trading positions (holding a trade from hours to days). I will not post scalp trades because I am in and out of a trade within minutes.
You will get updates as soon as I have entered a position with my risk management rules involved. My aim is to guide you towards building a sound trading plan and becoming a mastery trader.
Be my trading companion on this stock trading ride, where I will show you how to trade with minimum risk.
Your Coach
Ken Otalor
1. Take complete responsibility for entering a trade
2. Have a trading system that suits you
3. Plan a trade and trade a plan
4. Work hard at learning how to trade properly
5. Have a positive self belief
6. View trading as scoring points not money
7. Keep trading as a balanced part of life
Your coach
- February 2007 (1)
- December 2006 (12)
- November 2006 (22)
