Wednesday, May 7, 2008
Berlin trip
Berlin wall 
TV tower 
View from the TV tower
Town hall
Neptun fountain
Antique museum
Parliament house
Brandenburg gate
Jewish memorial
Museum
Central station
Pub we went to
Sunday, May 4, 2008
Saturday, May 3, 2008
Eight questions
Ari Kiev ask Eight Questions to Truthful Traders :
1. Are you willing to face your failures without recrimination?
2. Do you delude yourself with notions and rationalizations that
you are limited by the nature of the marketplace or the tape?
3. Are you willing to acknowledge your successes, or are you
afraid that others will be disappointed or hurt if you tell them
you have succeeded?
4. Do you hold back from succeeding because of some childhood
notion about not deserving to win?
5. Do you hold back in your trading because of a reluctance to let
it be as good as it can be?
6. Are you held back by imagined restrictions placed on you by
other obligations?
7. How much do you distort reality because of fear of the consequences?
8. How willing are you to commit 100 percent to being in the
game?
Ari Kiev is the author of the book :Trading to Win :THE PSYCHOLOGY OF MASTERING THE MARKETS
1. Are you willing to face your failures without recrimination?
2. Do you delude yourself with notions and rationalizations that
you are limited by the nature of the marketplace or the tape?
3. Are you willing to acknowledge your successes, or are you
afraid that others will be disappointed or hurt if you tell them
you have succeeded?
4. Do you hold back from succeeding because of some childhood
notion about not deserving to win?
5. Do you hold back in your trading because of a reluctance to let
it be as good as it can be?
6. Are you held back by imagined restrictions placed on you by
other obligations?
7. How much do you distort reality because of fear of the consequences?
8. How willing are you to commit 100 percent to being in the
game?
Ari Kiev is the author of the book :Trading to Win :THE PSYCHOLOGY OF MASTERING THE MARKETS
No trade today
I went to a party ,so i wasn't able to trade today.Next Monday & Tuesday i will be away and there won't be any posts.
Friday, May 2, 2008
4 trades
There was nothing great about today. I made 4 trades; all of them came from my short list. SUN was the biggest winner of the day. Hope you guys had a great day.Thursday, May 1, 2008
Responsiblities of the market makers
Sammy Chua explains the responsiblities of market makers in an easy understandable way.Now we will have an idea of the market makers job
1 .Execute transactions for their clients. The most important
function is to execute orders for clients at the best
possible price. They do this by interacting with other market
makers online or by telephone.
2 Keep an orderly market. This means they must prevent
dramatic fluctuations in the price of a stock that comes
under heavy buying or selling pressure. To create this liquidity,
market makers must provide a two-sided market
within the market bid/ask price. Liquidity happens as
market makers fulfill their obligation to make markets
throughout the trading day. They must advertise to sell at a
certain price whenever they make a bid to buy a stock at
a certain price. That’s why it’s called a two-sided market.
3 Trade for the firm’s proprietary account. Market makers
use inside knowledge, experience, and technology to
make profits on a daily basis. They take profits on the
stocks they make a market in, but they also take speculative
positions on the possibility of future price movements
of those stocks—depending on the time of day, the market
conditions, and the existing order flow.
Sammy Chua is the author of the book : Day trade your way to financial freedom
1 .Execute transactions for their clients. The most important
function is to execute orders for clients at the best
possible price. They do this by interacting with other market
makers online or by telephone.
2 Keep an orderly market. This means they must prevent
dramatic fluctuations in the price of a stock that comes
under heavy buying or selling pressure. To create this liquidity,
market makers must provide a two-sided market
within the market bid/ask price. Liquidity happens as
market makers fulfill their obligation to make markets
throughout the trading day. They must advertise to sell at a
certain price whenever they make a bid to buy a stock at
a certain price. That’s why it’s called a two-sided market.
3 Trade for the firm’s proprietary account. Market makers
use inside knowledge, experience, and technology to
make profits on a daily basis. They take profits on the
stocks they make a market in, but they also take speculative
positions on the possibility of future price movements
of those stocks—depending on the time of day, the market
conditions, and the existing order flow.
Sammy Chua is the author of the book : Day trade your way to financial freedom
Three trades
One good trade can be enough for a day,CMI was that trade for me.When i compared yesterdays' and todays' first half an hour volume,i knew straight away that this had good potential. MON didn't run as I expected. Hope you guys had good day.
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