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Jumat, 25 April 2014

Boris's Weekly - What Warren Buffett Does That You Don't

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Blood, Sweat & Pips
- Here are our thoughts on Trading 


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Thoughts on Trading 
What Warren Buffett Does That You Don't      


The longer I live on this planet the more I come to realise that 99% of our misery stems from the 1% of a-holes in our life. In fact the single greatest path to happiness is to simply avoid contact toxic people. Eliminate the rancor and you will be healthier and happier by a wide margin. As the saying goes the best way to avoid a fight is not to have one.

 

I think the question of our environment is more than just an academic exercise for us traders. Trading at it core is a highly psychological activity. That's why any disturbance to our psyche -- be it a fight with a loved one, a nasty illness, horrid family news -- almost always results in disastrous trading.

 

This is a tough lesson to learn, especially for those of us A personality types who have never met a challenge or an argument that that they didn't like. We love to fight, we love to take the world head on and we love to think that we are "mentally tough" to face any problem. In the real world those attributes can be of great help. In trading such attitude is often a major hindrance.

 

Just as I learned that you never fight the market if you want to win, I also learned that you never trade angry or hurt. Trading is such a delicate activity and rife with so many bad judgement calls that it requires a clear mind and a calm environment if you ever want the chance to succeed.

 

Take a look a Warren Buffett. Here is a man who is considered to be one of the greatest investors alive. He could live anywhere he wants and have access to the most up to date information and the most sophisticated software to analyze it. Yet he chooses to live in the middle of nowhere -- in Omaha Nebraska -- in the same modest house that he has lived in since the 1950's. Why? Because there he is undisturbed. He can read and think in peace and therefore make clear headed, intelligent decisions in the calm and comfort of a familiar environment.

 

So if you want to trade like Warren Buffet, try to achieve his state of serenity. Create a pleasant environment to trade and most importantly delete anyone who annoys you from your life.


    

 

 

Forex Weekly Techs Where Are The Trades?  04.28-5.02.2014
Forex Weekly Techs Where Are The Trades? 04.28-5.02.2014

    

Sincerely,
 

BSignature

Boris Schlossberg and Kathy Lien
BKForex.com

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Google Adwords Activated Acoounts & Ads Offer

I am Providing Google Adwords Activated Accounts for any country with 5000 INR budget on very affordable cost.
it will work with any country and you can run your ads .
 
It will be fully working and active adwords account with Indian billing and with payment.
 
More details you could email me at ceo@speakmeme.com skype id speakmeme or visit www.choicedelhi.in

Sabtu, 19 April 2014

How To Make Money in Trading Without Any Strategy at All

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BK Forex Trading Signals
BK Club Forex Trading Education
Boris' Weekly Trading Newsletter
Bheadhot
Traders First and Analysts Second

Blood, Sweat & Pips
- Here are our thoughts on Trading 


Thoughts on Trading 
How To Make Money in Trading Without Any Strategy at All     

 

It is a quiet Easter/Passover week in Anglo-Saxon part of the currency market with most traders either off on the slopes or suntanning on the beaches. The lull has given me an opportunity to take a detailed look at my proprietary (also known as "do whatever I like" ) account. In contrast to my other accounts which trade algorithmically, this account is purely discretionary.

 

So here is what I discovered in looking at all my trade runs over the past six months.

From about mid-November to mid-January I lost approximately -4% of the account and my peak to valley drawdown (from highest point to the lowest point over that time frame) was a whopping -8%. Those are pretty ugly numbers.

 

From mid-January to the present (mid-April) I made about +5.5% on the account with my peak to valley drawdown shrinking to about 10 basis points. That's right not 10% not even 1%, 10 f-ing basis points.If you use Paul Tudor Jones's formula of dividing total return by total peak drawdown I look like a trading genius. (PTJ considers 2:1 ratio to be a sign of good trader)

 

Here is the absolute kicker to the story.

 

Throughout the past three months I have not used any consistent strategy on that account. I've faded tops. I've bought breakouts. I've speculated on the news. I've done a series of stupid average down trades. I've done trades out of boredom, frustration, curiosity -- you name it -- I've done it all with very little discipline or thought. The only logical, rational trading I've done was develop the AJAX strategy in that account but those trades have only started to kick in over the past few weeks.

 

So what's the secret to my success?

 

Trading size.

 

I went from trading 400% of my account on each trade (400K notional on 100K of equity) to trading 50% of my account on each trade (50K notional on 100K equity). Often I would trade as little as 25% of my account on each trade -- just because I wasn't confident in the position.

 

Now in the leverage fueled world of forex making 10K trades on a 25K account (my real size in this account) is laughably small. But look at the difference it makes! My losses were miniscule and ironically enough because they were so small they were much easier to close out. Even in my idiotic hey-let's-add-to-this-loser-because-I-KNOW-the-market-will-turn trades I never got very deep in the hole because my basis was so small.

What is really shocking is how all those nickels and dimes add up on the plus side. On any given week I averaged only 50 basis points of gains -- but over a year that produces a very respectable 25% return.

 

Is this way of trading going to turn 10,000 dollars into a million in a year? Of course not. But it may turn 10,000 into 12-15,000. And the one thing it will definitely NOT do is turn 1M into 10K.

 

Next week I'll discuss the one other factor that has been the the key to my success -- how I managed my winners.

 

 


JUST

ONE

DAY

LEFT  

before we take Ajax Down  

 

We made this cool new indicator that trades news and will only post it for one week  Check it out. 

 

 

   

 

 

Forex Weekly Techs Where Are The Trades?  04.21-4.25.2014
Forex Weekly Techs Where Are The Trades? 04.21-4.25.2014

    

Sincerely,
 

BSignature

Boris Schlossberg and Kathy Lien
BKForex.com

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Kamis, 17 April 2014

[DEADLINE] This Forex Strategy DISAPPEARS in 48 Hours

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Dear Forex brown

Trading forex can be easy if you know one simple trick - watch our presentation to learn how to grab quick profits or ride the trend for bigger gains.

The presentation goes down in 48 hours so take action right away and watch it while it's UP.

When it comes to trading news profitably the key is to be extremely selective and accurate.  This simple strategy will show you exactly how to find only the highest probability trades and it only takes 5 minutes to set up the trade every day.


We want to help you make money and this simple way to trade news will tell you only when there is a high probability trade setting and it works with all the major currency pairs like EUR/USD. GBP/USD, AUD/USD and USD/JPY as well as with many crosses.

P.S. This presentation and the chance to trade this strategy disappears in 48 hours, don't miss it while you can get it.

Kathy Lien and Boris Schlossberg

BKForex LLC
233 W 77th St Suite 11G
New York NY 10024
contact@bkforex.com


 
This email was sent to forexhudi.euro@blogger.com by bktrader@gmail.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Senin, 14 April 2014

My Free MT4 EA for Trading Forex

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Dear Forex brown

Find out how to get my News Trading MT4 EA for free.borispasadena

 

http://course.bkforex.com/ajax_indicator/

 

In the past 2 years, it generated profits on 80% our Non-Farm Payrolls trades and can be traded on many other news events and currencies. 

 

This EA is designed for both short and medium term traders.  The short term trades last between 20 minutes to an hour.  The medium trades can last up to 48 hours.

 

http://course.bkforex.com/ajax_indicator/ 

 

We hope that you enjoy it as much as Kathy and I do. 

 

Sincerely 

 

Boris Schlossberg


BKForex LLC
233 W 77th St Suite 11G
New York NY 10024
contact@bkforex.com


 
This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Sabtu, 12 April 2014

Learn to Trade Forex in 20 Minutes for $27

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DearForex brown

Over 42,000 Traders follow us on Twitter because they know we are experts at Trading Economic News. After months of research, analysis and fine-tuning, we are ready to share with you the Ajax Indicator which uses all of our knowledge and takes the guesswork out of trading. The Indicator targets news trades with an 80% win rate. You will love this strategy because it sidesteps volatility caused by news & banks quick profits.

7 Lessons - Instantly Available!

Learn how to use the Ajax Indicator in 7 simple and easy to understand videos. Available instantly. Watch them as many times as you want.

Trade News with Confidence

Never be afraid to trade news again. With a targeted win rate of 80%, the Ajax Indicator provides steady and consistent profits  

Bigger Profits with Crosses

Make Bigger Profits trading the Ajax Indicator on Forex crosses with our market tested proprietary money management tactics - We will show you how!

FREE Ajax Indicator Included

To make using Ajax even easier, we are including an MT4 coded version as part of the course. Don't worry, we also have a 5 minute video on how to install the indicator and it can be used for non-MT4 accounts!  

 
We are making the strategy and indicator available for 1 week only and then we are taking it down.

Enjoy!

Kathy Lien and Boris Schlossberg

BKForex LLC
233 W 77th St Suite 11G
New York NY 10024
contact@bkforex.com


 
This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Jumat, 11 April 2014

What Separates an 8M Trader from a 40K One

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BK Forex Trading Signals
BK Club Forex Trading Education
Boris' Weekly Trading Newsletter
Bheadhot
Traders First and Analysts Second

Blood, Sweat & Pips
- Here are our thoughts on Trading 


Thoughts on Trading 
What Separates an 8M Trader from a 40K one    

 

I am not a big Shark Tank fan (and Mark Cuban while a very nice guy, is the luckiest SOB that ever lived having sold essentially a worthless website to Yahoo in the go-go 90's and then had the presence of mind to have Goldman do wrapper on his stock thus preserving his billions when the whole party crashed).

 

But I digress.

 

Last night I saw Barbara Corcoran on the show who I admire very much for her hustle and no bs attitude and it reminded me of a recent interview she gave to Business Insider (Video here) in which she describes what separates the 40K a year salesperson from the 8M one.

 

Its not hard work.

 

Its not intelligence.

 

Its not personality.

 

Its the ability to take rejection and move on and try again.

 

 

What I love about Corcoran is that she does not sugarcoat the process. She does not get all "new age" and start spewing nonsense about overcoming pain of failure. She freely admits that it hurts to lose. In fact she states that the best salespeople feel the most pain, because they care the most about the deal. But once they let their frustration out they REFOCUS on the task at hand and try again.

 

A while back I wrote about the great NJ Devils goalie Martin Brodeur who minded the nets for 20 years. What made him a unique athlete wasn't that he was quicker, stronger or bigger than other goalies, but that he was able to come back from a loss. Usually goalies are very rattled by bad games and one bad game can turn into many. Brodeur was unusual in that he could shake off a bad performance and become an impenetrable wall the next day.

 

What is interesting about winning performance in these fields is that is highly contingent on psychology rather than technique and that is why the lessons of Barbara Corcoran and Martin Brodeur are so applicable to trading. More than any other human activity trading is the essence of psychology. Let's be honest. Technique while important, will never, ever be the sole determinant of your success. The market is just too volatile and too random for anything to work well all the time.

 

Yet as traders we spend all our time working on technique and almost no time considering our own psychology. But when we look back at all our losses -- what caused them? Bad technique? Rarely. It was mostly bad psychology as one or two losing trades spiraled into a flurry of self destructive behavior that ended up with an empty account. That's why if you want to be a successful trader care much less about your technique and consider carefully your psychology on EVERY SINGLE TRADE. Your trading will improve markedly.

 


 

 

 

We made this cool new indicator that trades news and will only post it for one week  Check it out. 

 

 

   

 

Forex Weekly Techs Where Are The Trades?  04.14-4.19.2014
Forex Weekly Techs Where Are The Trades? 04.14-4.19.2014

 

    

Sincerely,
 

BSignature

Boris Schlossberg and Kathy Lien
BKForex.com

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

A Forex News Trading Tip

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Dear Forex brown

We just created a new 20-minute video on News Trading.

 Watch the presentation here

We are always looking for ways to trade news better - if you have any questions about the video, feel free to email us!

Boris and Kathy



This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280