2012, What do you think you need to know?
That market evolvs constantly is no news. The thing here is if we are able to adapt fast enough to survive on it. What will then, this 2012 bring? More banking jitters, higher chances of default in Europe, and more runs to the dollar on a continuous improving economy would be my educated guess.
Correlations may stay, or may change; I’m seing the beginning of a return to the dollar/stocks correlation we had before the 2007 crisis, yet is early to comfirm it. Maybe tomorrow’s NFP in the US will gave us a good hint.
However, I found more interesting the fact that several professional traders, had based their new year resolutions in one, just one thiny word (with a huge meaning): DISCIPLINE. Either with masters en economy or psychology, the one thing in common is working on improve discipline. Something we all know, but not so sure if we all apply when trading. If you are looking for a successful 2012, then work on your weak points by stablishing a disciplined working plan.
I particularly loved Walter Peters, and Yohay Elam remarks, and be sure, I’ll be watching those two to see what they did by the ends of 2012 ;)
You can read their opinions and others, here:
http://www.fxstreet.com/education/trading-strategies/2012-resolutio...
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Comment by Keith Shaw on January 5, 2012 at 5:38pm -
If you loose your DISCIPLINE Valeria things can get awful messy
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Comment by Peter jcp on January 5, 2012 at 6:05pm -
Yes Discipline is so important - and not just in trading - Keith in that video - the guy should have taken his shoes off before getting on the desk and also asked everyone to finish their phone calls before he went "ape" - and it was all over him not giving the guy back is ruler at break time.
It was not until next day he realised he had lost 100K - but he was happy because he got his ruler back !!!
(ps only joking lol)
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Comment by Keith Shaw on January 5, 2012 at 6:46pm
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Agreed Lisa & Peter some very good DISCIPLINARY observations I totally missed :-)
I think this is a better example of DISCIPLINE or lack thereof , we all need one of those air bags !! mind you, sometimes it’s just not your day ....
http://www.youtube.com/watch?v=OVytw0DlkfE&feature=related
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Comment by Splithand on January 5, 2012 at 7:32pm -
love it
all you great stuuf
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Comment by Valeria B Bednarik on January 5, 2012 at 8:31pm -
LOL! No doubts, I needed these laughts! ;) Tks guys.. guess we need to a add a stress releaser :P
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