LIGHTHOUSE

Friday, July 25, 2014

LMT DAILY


"No matter how many years you have been trading, do not think you are beyond making mistakes."

IBM DAILY


"Trading must be a pleasurable, intellectual activity of the highest order."

NEW STUDENT'S FIRST TRADES


Thursday, July 24, 2014

GOLD DAILY THEN AND NOW



 "It is the defining characteristic of an amateur to think of individual trades in terms of money. A pro simply thinks of doing the right thing, win or lose."

Wednesday, July 23, 2014

VIX DAILY


"The professional concerns himself with doing the right thing rather than with making money,"

TRADING THOUGHT


EMINI DAILY


"As long as trading is seen in terms of money, most of us cannot help feeling swayed by greed and fear. The detached trader, however, can find it within himself to make objective decisions not based on emotions."

AAPL DAILY

                                                    "FOR THE SMALL TRADER"

"Fear keeps you from making as much money as you ought to.  And so does asking your wife about business"

Tuesday, July 22, 2014

EMINI 5 MIN CHART



"The speculator's chief enemies are always boring from within."

HLF DAILY


"There is no profit in being wrong at any time."

Friday, July 18, 2014

BONDS DAILY


"It is ironic that a trader must believe enough in his trade to put it on , but not enough to not change his mind. Conviction is good and necessary. Dogmatism isn’t."

Thursday, July 17, 2014

THOUGHT


VIX DAILY


"Clarity will come. Wait for it. Again, do not take trades simply because you hate missing out. Are you trading for excitement or profit?"

IBM DAILY


"Prices, like everything else, move along the line of least resistance."

TNA SEMI AUTO SYSTEM UPDATE

FOR THE SMALL TRADER!
                                                   

CRUDE DAILY



"Trading is not to be entered casually. It requires a tremendous amount of effort and focus. Success does not come haphazardly."

TNA 5 MIN ENTRANCES

"STUDY HARD OR THE MARKET WILL MAKE IT HARD."

GOLD DAILY


“You remember Dickson G. Watts' story about the man who was so nervous that a friend asked him what was the matter. "I can't sleep," answered the nervous one. "Why not?" asked the friend. "I am carrying so much cotton that I can't sleep thinking about it. It is wearing me out. What can I do?" "Sell down to the sleeping point," answered the friend.

TNA SEMI AUTO SYSTEM SPREADSHEET


                                                    FOR THE SMALL TRADER!

AMD DAILY


"A main lesson is that you have to trade in a way that is comfortable to you. If you are losing your sleep or feeling anxious, reduce your position... or perhaps adjust the way you trade."