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

BK Forex Trading Signals BK Club Forex Trading Education www.bkforex.com Boris' Weekly Trading Newsletter Traders First and Analysts Second Blood, Sweat & Pips - Here are our thoughts on Trading  Trade With Us! Forex Trading Signals    Forex Strategy Webinars Live Trading 4 Times per month     Join Now for $59.00  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      Sincerely,   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.

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How To Make Money in Trading Without Any Strategy at All

BK Forex Trading Signals BK Club Forex Trading Education www.bkforex.com Boris' Weekly Trading Newsletter 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      Sincerely,   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.

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[DEADLINE] This Forex Strategy DISAPPEARS in 48 Hours

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

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My Free MT4 EA for Trading Forex

Dear Forex brown Find out how to get my News Trading MT4 EA for free.   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

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