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Learn from Experienced Trader

 

The trend is your friend.  Trade what you see and not what you think and want.

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Hard-Earned Money looking for Easy Money ?  For retailers, NO WAY!

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In trading currencies, you are controlled by every broking house and they are market makers.  They never send out your trades at all – they makan..ed you.  If you get filled, you are at a disadvantage at once and depending on your luck next whether it goes your way or not !

They are like money changers in Change Alley with the best rates and yet you definitely lose out when you change money for your overseas holiday.

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In trading futures, you are controlled by the big funds and hedged companies.  I don’t even want to talk about trading shares…… the syndicates are all there !

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If you stay in the one and only one big bungalow, you are very wealthy.  But, if you sell it, you have no place to stay any more.  See the difference between rich and wealthy.

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I hold many expensive Chinese paintings that I cannot sell in Singapore and can only sell in Beijing, I am real wealthy but I am almost penniless as I have not much cash left.

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But still, WHAT I SEE IS WHAT I BELIEVE !  AND, I don’t need to know all those information that cannot make me MONEY !!

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I have one buddy who is wealthy and like having buffets.  Every time, we go buffets, I end up paying as I am rich and he is wealthy !!!  Ha, ha !!

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And so, better to be wealthy or rich ?  The choice is yours.  I just want to be rich and make my money mobile and walk into the night club freely.  Understand now ???  Wealthy BUT pocket bor rui !!! 

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When he rushes to pay nasi padang for 6 for less than $40, he uses his right hand to dig into the left pocket to pay.

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Your knowledge is NO LESS than what LKY knows.  The difference is his knowledge made him good money and YOURS have not much value to make the money like HIM !” 

Now, I want to tell you, “Your knowledge is MORE THAN what LKY knows.  But still, YOURS have not much value to make the money like HIM !”

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I also know a few friends who think they have vast knowledge but yet they are heavily indebted…….

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The difference between us is Your wealth of knowledge gives you WEALTH and My rich knowledge gives me RICHNESS……

So, I only expect rich knowledge and not wealth of knowledge.

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The difference between Gambling and Trading thru’ the Chart is a very thin FINE Line.
That Fine Line is what we called Brownian Motion in Botanical studies.

Brown studied how a grain move in randomly when droplets of water is spilled onto the grain. That random movements were collected thru’ TIME which eventually produce a Right Angle Line known as Z of a Y-X chart.

Brownian Motion was a theory borrowed by Albert Einstein.

Albert Einstein borrowed it and then the Theory of Relativity came about.

In Brownian Motion, we find the keyword “Random”.

Thus those who choose Trading as form of Gambling is becos the Traders who are saying and using this term “Random”.

Today ” Random” study is used to build Model by both Economists and some traders. One of those model is EMH (Effficiency Market H.).

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Without the Chart or understanding of the Chart, we are purely gambling.

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“Monkey see Monkey do” but let us be wiser than a Monkey where the need to see chart to understand price movement, etc.

Then seeing is believing how price move Not some guessing game known as Randomly. Randomly works with Longer Timeframe.

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Gamblers like to know the probability using Random.

Like a coin being tossed thru’ many time against Time – which actually produce Brownian Motion.

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Therefore, another example – poker’s players have Good memory of  the nos (Black or Red plus shape) that each player had displayed on the table and have to figure out randomly the balance of cards that each player is holding in their hands.

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Thanks, Joseph Chin,

Daily Journal, Smart Money

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