Complaints

An aging master grew tired of his apprentice’s complaints. One morning, he sent him to get some salt. When the apprentice returned, the master told him to mix a handful of salt in a glass of water and then drink it.

“How does it taste?” the master asked.

“Bitter,” said the apprentice.

The master chuckled and then asked the young man to take the same handful of salt and put it in the lake. The two walked in silence to the nearby lake and once the apprentice swirled his handful of salt in the water, the old man said, “Now drink from the lake.”

As the water dripped down the young man’s chin, the master asked, “How does it taste?”

“Fresh,” remarked the apprentice.

“Do you taste the salt?” asked the master.

“No,” said the young man. At this the master sat beside this serious young man, and explained softly,

“The pain of life is pure salt; no more, no less. The amount of pain in life remains exactly the same. However, the amount of bitterness we taste depends on the container we put the pain in. So when you are in pain, the only thing you can do is to enlarge your sense of things. Stop being a glass. Become a lake.”

Trend Analysis

Those familiar with trend analysis will be aware that trends are often divided into 3 timeframes being short – intermediate – and major:


Short Term Trend: is one that consists of each individual candle in the case of an uptrend making a series of higher highs and higher lows.

Intermediate Term Trend: is one where the peaks and troughs of that trend are represented by the ends of short term trends.

Major trend: is one where the peaks and troughs of the trend are represented by the ends of the intermediate trends.

How To Take Your Trading Account from A$145 to A$1450 in 29 days:

How To Take Your Trading Account from A$145 to A$1450 in 29 days:

16.08.2014 One of my clients had the belief that he could not be successful in trading because he doesn’t have much money. He has no rich family background or good education and that’s why he always felt limited. To show him that the markets are not judgmental at all, that they don’t discriminate where you come from, how well educated you are and if you are good looking or not, I have started on July 10, 2014 with a trading account of A$145 (That’s what I needed because of the margin requirement of the DAX) and by August 14, I had crossed the A$1400 mark. To see the results please click here for the PDF file:

TD365_5200061

I realised too late that the TD365 platform only shows the last 30 days I have authorised Davin Clarke, Headhoncho of TradeDirect365 to access my trading account and confirm that all the trades are real. You can contact him on davinclarke@tradedirect365.com.au

What Meditation Can Do For Your Trading Performance

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Interview with Smart Investor Magazine

Hello Traders,

I hope you guys have treated the markets well and have fun trading.

A journalist from Fairfax Media interviewed me a few days ago about the common traps investors fall into. Here is a link to resulting trading psychology article in the latest edition of Smart Investor.

http://www.afrsmartinvestor.com.au/p/market-intelligence/why_you_need_to_learn_how_to_lose_wajn4RfE5zU6AM84hRTOeI

Whilst I know that most of you are traders and not investors, and the challenges are a little different, I hope this article is useful for you.

Also, many of you know Gary Burton from the Australian School of Technical Analysis; Gary and I have teamed up and are running a 4 month mentoring program together. Gary teaches high probability trading techniques that include both technical analysis and Ichimoku, and I will cover the psychology and the performance side of profitable trading.

You can check out Gary’s website here www.theaustralianschooloftechnicalanalysis.com.au and the link to our mentoring program is https://www.tradingpsychology.com.au/mentoringprogram/ or if you have any questions please just return email me.

 Mandi