http://optionstrader.joymastery.com An Aspiring Trader On The Journey To Pick up The Skill Of Trading! Thu, 04 Sep 2008 23:11:00 +0000 http://backend.userland.com/rss092 en See the following article from Singapore's National paper - "The Straits Times" on 29 Aug 2008: By Sandra Davie AT LEAST 218 people, mostly Singaporeans, are proudly flaunting degrees, MBAs and doctorates from a dozen degree mills, including Preston University, Wisconsin International University, Paramount University of Technology, Kennedy-Western University and Rochville University. This ... http://optionstrader.joymastery.com/2008/08/30/mr-clemen-chiangs-confession/ Been a long while since I last share good trading resource. We are always questioning if some of the educators out there are REALLY trading. And our circle of friends may not have successful traders amongst them. For us, aspiring traders, it is really important for us to find out ... http://optionstrader.joymastery.com/2008/08/29/where-to-learn-from-real-retail-traders-for-free/ Because... It takes time to backtest which strategy is suitable It takes at least 3 months to forward test or paper trade to see if the chosen strategy is suitable It takes at least 3 consecutive years of trading profits to make one a successful trader! There are lots and lots of things to ... http://optionstrader.joymastery.com/2008/08/21/why-is-trading-difficult/ There must be loads of money to be made by giving out courses. Despite the saturated local market, more and more trading courses are springing up! The good news is...they are getting cheaper! So we got no lack of opportunities for trading education! The BIG question still is...which is good ... http://optionstrader.joymastery.com/2008/08/20/trading-courses-comparison-table-updated/ In my search for the "ideal" trading platform, I was "fantasizing" about my dream trading platform. Today, most trading platforms should already have the "must have" features, like entering market, limit, stop orders , charting, account management etc. Below are some "good to have" features which I am yearning for: A ... http://optionstrader.joymastery.com/2008/08/19/my-dream-trading-platform/ I just made 160 pips last night and decided to call it quits... I just hope when he "decided to call it quits", it is because his trading plan requires him to do it and not because he feels like it...If not, he may lose the 160 pips or more soon. I ... http://optionstrader.joymastery.com/2008/08/17/a-person-could-be-new-to-trading-when-heshe-says/ jmot: Great, finally an entry opportunity after 3 days of ambush. (After a while...) jmot: Breakout confirmed. Making entry now. Wait...oh dear, drew the range wrongly...sh*t!  No choice...got to abort the trade according to trading plan. jmot-angel: Great job, jmot, you managed to stick to your trading plan! The market will always be ... http://optionstrader.joymastery.com/2008/08/10/love-hate-relationship-with-myself/ Hear from the man who really didn't have much time. Carnegie Mellon Professor Randy Pausch was diagnosed with cancer and was told that he only had 3-6 months to live. He chose to accept the fact and lived his remaining life to the fullest. He continued to inspire many through ... http://optionstrader.joymastery.com/2008/08/04/lots-of-things-to-do-and-no-time/ Trading - what else? :-P For the celebration month of July, I have chalked up a healthy 257 pips of profits. Ok, I am 43 pips away from my target of 300 pips. Mainly due to a bit of overtrading :-) But it is good enough, at personal level. I ... http://optionstrader.joymastery.com/2008/08/04/whats-going-on/ Mr A has a proven track record! He made $X million dollars in Y months, over Z% returns on capital! But then... market condition changes. The US stock market has been experiencing bull run till recently. Hope that he continues to trade and make money and be transparent about his trading... Mr ... http://optionstrader.joymastery.com/2008/08/01/but-then/