FOLLOW BLINDLY or SMARTLY. IT IS YOUR CHOICE.

Financial market were studied by many people in the past, present and will be in the future. When the subject involves money and wealth, it will be of great interest to academic and non-academic people. Along the way con artist appears to swindle ignorant and greedy people disguising as gurus. The bigger the names and corporation the more credible they appear. Media is not helping either because media wants traffic or sales.

Some so-called gurus might have started with a genuine noble cause to share and educate. Somehow they lost their focus when fame and money clouded their mind and blinded their eyes. Some will merely repeat what the books tell you which is nothing new being a parrot plagiarism.

There is another group of gurus who will insist and predict market behaves according to their view backing it up with economic data. The truth is sometime market behaves they way these so-called guru said other times the market just acted opposite. Now the biggest egoist behavior is to beat the drums when market moves as said. Actually market moves independently ignoring what others are trumpeting. Market will continue to move whether you say something or don’t say anything. We are free to air our views. We are not entitled to tell market how to behave!!!! GET IT !!!

I transformed from looking for BUY-SELL signals to justify my trades! I will be asking:

WHY SHOULD I TAKE THIS TRADE?

WHAT IS THE RISK REWARD RATIO?

WHERE IS THIS TRADE POSITION VERSUS THE OVERALL BIG PICTURE?

IF I AM WRONG WHAT SHOULD I DO?

SHOULD I EXIT MY POSITION WITH A LOSS?

DO I HAVE THE PATIENCE TO RIDE OUT THE PAPER LOSS?

DO I NEED A STOP LOSS?

WHEN SHOULD I IGNORE A STOP LOSS?

There so many rules and proposition you can read from the media, books and classes. You can choose to accept them blindly or start to question each and every sentence. When do you apply and ignore them!!!!

FOLLOW BLINDLY or SMARTLY. IT IS YOUR CHOICE.

Weekend is the only time I am free to tok-kok! Weekdays too busy trading global financial markets.

May every week be another bountiful week.