5 Signs You???ve Matured as a Trader $STUDY



1) Are Self Reliant: When you stop asking other people: “What do you think of the market?” While I respect the opinions of my colleagues, I DO NOT rely on them. I prefer to do my own homework, research and analysis. I LET THE MARKET tell me if I’m right or wrong.

The ultimate goal for traders is to make confident decisions on your own and trade with complete independence. You should not have to rely on the opinions of others because you should have conviction in your OWN ideas.

2) Stop Celebrating Winners: When you stop feeling the need to pound your chest every time you make 30 cents on a stock. (It is the flip side  of not getting depressed over every loss). Recognize what you did correctly and move on to the next trade.

The great Pittsburgh Steelers coach Chuck Noll used to say, after you score a touchdown there’s no need to start dancing. Simply hand the ball to the referee, head back to the bench and “Act like you’ve been there before!”

Same thing goes for the stock market. Don’t act like you’ve never had success trading before.

3) Let the Trades Come to You:  When you stop feeling the need to trade every day and you get over the “fear of missing out.” This is the downfall of most traders.

It took me a while to shift my focus from worrying about “missing out” to playing great defense. Once I did this, I noticed an increase in my confidence level as a trader. Keep in mind, there will ALWAYS be opportunities and it’s okay if you miss a few.

4) Feel No Need to Brag: Those traders who compulsively tell everyone about every winner are over compensating for their insecurities. It is a sign of lack of confidence. When you make a good trade or a good call on the market, and you don’t feel the need to remind everyone — its because that is what is supposed to happen.

The key is to be consistent and to separate your ego from your trading. If you are doing a good job, people will notice.

5) Loss Management: When you learn to cut losses without hesitation. No one likes to lose, but cutting losses is part of the game. I have studied the best traders throughout history and they all have the same number one rule: CUT YOUR LOSSES! Learn to accept when you are wrong and move on!


Full article via The Big Picture (worth reading)


Update on Euro — $EURUSD $6E_F $$


I was expecting more intense price action in the European session. Still within range. I was expecting to see a run towards 1.3320-40, which never really happenned, being 1.3295 the highest mark.

– Increased level of short positions thru London session, compared to previous post is the important issue to point here. Provided those levels are sustained,we can expect further downside.

Since these levels change dinamically, do not trade off the chart above.

Timeline – Second financing package for Greece — $EURUSD #Greece #Eurozone


Reuters has published what will be going the during the next few days on regards to Greece´s Bailout package.

Approval of the new, 130-billion-euro ($170 bln) financing package, which will come on top of a 110-billion-euro bailout granted in May 2010, will set in motion a debt restructuring that aims to halve Greece’s privately held debt.

 Below are some of the critical dates and key events coming up that policymakers hope will draw a line under the more than two-year European sovereign debt crisis, which began in Greece.

 Feb 20

 – Euro zone finance ministers (the Eurogroup) to take a decision whether to grant Greece the second financing programme.

– This decision will open the way for euro zone countries to approve higher guarantees for the euro zone’s temporary bailout fund, the European Financial Stability Facility (EFSF), which will need to raise money on the market to finance the bailout.

 – Preliminary Eurogroup discussion of whether to allow the 440-billion-euro EFSF and the 500-billion-euro permanent bailout fund, the European Stability Mechanism, to run in parallel, nearly doubling the euro zone’s bailout capabilities.

 Feb 21-22

 – If the Eurogroup gives its go-ahead on Monday, Greece will be able to launch a debt restructuring offer, inviting private investors to swap around 200 billion euros of Greek government bonds they hold for new ones worth around half as much.

 Feb 23-24

 – Finnish parliament likely to debate package in order to approve higher EFSF guarantees.

 Feb 24-26

 – Finance ministers and central bank governors from the world’s 20 biggest economies, meeting in Mexico, to discuss providing more funds for the International Monetary Fund. G20 countries have signalled that they will only agree to increase IMF funds if euro zone countries allow the ESM and the EFSF to run alongside to boost the euro zone’s bailout capacity.

 Feb 27

– German parliament to vote on bailout package and use of the EFSF to secure new Greek bonds.

March 1-2

– EU summit, which will decide, among other things, whether to allow the ESM and EFSF to run in parallel, boosting the bailout capacity of the euro zone. Leaders may also be give their imprimatur to the second Greek package.

March 8

– The last day to sign up for Greek bond swap offer.

March 9

– Responses from investors concerning the bond swap offer are processed.

March 10-11

– The actual swapping of Greek bonds for new, longer-dated securities with a lower coupon takes place.

March 12-13

– Euro zone and EU finance ministers meet.

March 20

– Greece is due to repay 14.5 billion euros of debt. If the bond swap goes ahead, this would be covered, meaning Athens will avoid defaulting on this payment.

March 30-31

– Informal meeting of euro zone and EU finance ministers and central bank governors in Copenhagen.

April 20-22

– IMF meeting in Washington on bigger IMF resources





What Argentina tells us about Greece? $EURUSD $MARKET $$ #opinion

Former Central-Bank Governors of Argentina & Mexico, explain why Greece should not leave the Euro.


There is no question that a Greek exit from the euro would be convulsive and impose enormous costs on the Greek economy and its people. But will those costs be any higher than if Greece stays on its current path? That question is far from settled.

EUROPE’S handling of its sovereign-debt crisis has been disastrous. Euro-zone leaders succeeded in turning a manageable economic problem in Greece into a political conundrum that jeopardises the single currency. A premature insistence that private-sector creditors take a hit on Greece has fostered contagion. Massive write-offs are necessary but nobody yet knows what constitutes sustainable debt or what Greece’s “real” GDP is. In Latin America in the 1990s debt relief was granted only when fiscal adjustment and structural reforms were very advanced. This is certainly not the case in Greece….. [continue reading the full article via The Economist]