Sunday, April 6, 2008

Time to Do Blogging.

It has been sometimes since my last post on this blog. I am very busy now setting up few other businesses (family business). It is good when you can help your family doing things that they love to do. Trading goes very well. I think i did post enough on the self analysis part and how to be well prepared as a trader before you really trade.

Last week, I met a friend and he shared some thought with me. To train yourself via experiences on trading is equivalent to "LIVE TRADING", you may suffer losses of money, time or bad psychological impact on yourself. To do morning pages (or blog), positive affirmation to yourself (repetition of positive things upon yourself) is considered as "DEMO TRADING", you can train and be a trader without hurting yourself in anyway.

You can choose to do live trading or demo trading before you really can be an ultimate trader. Dont get yourself hurts so much if you do Live Trading. One of a friend of mine, shared his experiences, he was not a good trader, but he think he is. He decided to ask 1 of his friend to invest USD 3,000,000.00 for him to manage the account. He did lost USD 1.7 million on FOREX and continue losing USD 1 million on futures. I pity him so much, but he was so arrogant to admit that he is a good trader and can handle so much money. This is just a story to share, remember, dont get yourself hurts that much if you want to experience live trading.

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