Creating a Workable Trading Plan

[Ingot54 13]

CREATING A WORKABLE TRADING PLAN

 

If you have ever needed a written trading plan – here is one from which to model your own.

 

I have adapted it for my own forex trading. I am certain you can soon flesh-out a workable plan for your own trading activities, whether for currency trading, energies, precious metals trading, or indices and so on.

 

The principles remain the same.

 

Remember, this is YOUR plan – no one twists your arm, so be flexible at first until you feel comfortable that you have molded it and made it personal. Then when you have the basics, remember to refine and improve, and DO have a weekly “Wash-up” of your activity, discussing these things with an empathetic friend or mentor.

 

So let’s begin … here is one Forex Trading Plan

 

Transition to Retirement Goal

 

I’d like to retire in a few years, but I still need a regular income. I plan to educate myself about trading Foreign Exchange, and in the meantime, any trading profits will still be secondary to my main salary. I plan for my Forex Trading profits to exceed my salary eventually, thus completing the transition to retirement. I will use my spare time to work towards this goal – learning and practicing technical analysis of the currency markets. I will stay in my present employment until I have proven my ability to generate regular trading income.

 

Strategy

 

My initial trading account will be with $10,000. But this will not be funded until I have traded profitably on a practice account for three months. I will use an online broker to place my trades, and will research the benefits and pitfalls of using various brokers through research and discussion with other currency traders.

 

Trading Pairs

 

The currency pairs I will trade initially, will be the majors, because of the higher liquidity, and the lower spread available. I will research further to match profitability against spread in other currency pairs, as I become experienced and proficient. These are the ones I will trade:

 

EURUSD

GBPUSD

USDCHF

GBPCHF

USDJPY

EURJPY

AUDUSD

GBPJPY

 

Selection of forex trades will be made from all time-frames – weekly, daily, 4 hour, 1 hour and 15-minute technical charts, using my own setups and strategy. I will use candle-stick charts, because they convey much more information to me than other representations of price activity. I will study Price Action Trading, and use this wherever appropriate, as another useful technical trading tool.

 

Rules for Strategy Execution

 

All of my currency trades will follow a strict rules-based (mechanical) approach.

 

1. I will take every signal my mechanical strategy produces without question

2. All trades will have a stop-loss applied at the time of placing the trade

3. Stop-loss orders will not be moved

4. I will always trade with the dominant trend – the higher time-frames – never against

5. A full analysis will be done involving all time-frames before a trading decision is made

6. I will not use leverage exceeding 50:1, determined by my position-sizing approach

7. No trade entries to be made within one hour before and one hour after news releases

8. I will write down my rules in an unambiguous form

9. My trading journal records will be used to refine and update these rules as necessary

10. I will not trade closely correlated pairs in order to minimise risk of loss

 

Money Management

 

My money management will be based on position sizing principles.

 

1. My position sizing aims to restrict trading losses per trade to 3% of capital maximum based on positions of one mini lot

2. No more than 4 trades to be open at any one time – fewer if possible

3. Trading capital will be protected by setting stop-loss levels between 200 and 300 pips from entry 4. I will monitor portfolio risk at all times

 

Trading Returns

 

I should be able to make 50% per year on my trading capital. I have divided this into 12 equal amounts giving a monthly target of $420. This equates to a weekly profit of around $100 … or 100 pips using a mini account.

 

Eventually I will switch to a standard account. This involves moving up from $1 per pip to $10 per pip. I will not do this until I have proven my ability to grow my account by at least 50% per year. In order to achieve this without the addition of extra trading capital, I will simply increase the number of mini-contracts opened per trade, to match the 3% risk rule.

 

Trading Journal

 

My journal will be updated after every trade … or after every session if busy managing trades

My records will include:

 

Currency Pair traded and time opened and closed

Opening and closing Price

Position of stop loss

Profit or loss

A chart showing entry/exit if possible for further examination later

Daily and weekly record of drawdown as well as current profit and loss

A review of my weekly and monthly profit target

A daily balance of the overall account, including cash and open positions Comments on how to improve my trade management, errors made and so on

 

At the end of each trading week I will summarise my activity and set guidelines designed to exploit strengths and minimise weaknesses in my trading rules.

 

This will prevent repetition of error, and boost confidence and skill

 

I will discuss my activities with a colleague or mentor each week in order to improve my strike rate.

 

_________________________ _______________

 

Posted at my blog: http://forexapplepie.com/

[JEHs 10]

CREATING A WORKABLE TRADING PLAN

 

 

I will discuss my activities with a colleague or mentor each week in order to improve my strike rate.

 

 

 

This is the hardest part of that whole idea...

[steve46 12]

This is the hardest part of that whole idea...

 

and of course the hard question to answer is

 

"what to do when nothing is working (you're in a drawdown or your account is significantly lower on the year)...how long do you let it go before re-evaluating the strategy and asking

 

1. Is my strategy still valid

2. Is his drawdown "nomal" and how long can I expect it to last

3. Am I executing with discipline (if "yes", back to question #1)

 

Most skille participants have at least two or more different strategies that they are trading concurrently. This allows them to view (and evaluate) each as an independent profit center

and to obtain some measure of diversification. Still the questions have to be answered if the trader wants to have a sustainable business.

[JEHs 10]

and of course the hard question to answer is

 

"what to do when nothing is working (you're in a drawdown or your account is significantly lower on the year)...how long do you let it go before re-evaluating the strategy and asking

 

1. Is my strategy still valid

2. Is his drawdown "nomal" and how long can I expect it to last

3. Am I executing with discipline (if "yes", back to question #1)

 

Most skille participants have at least two or more different strategies that they are trading concurrently. This allows them to view (and evaluate) each as an independent profit center

and to obtain some measure of diversification. Still the questions have to be answered if the trader wants to have a sustainable business.

:rofl::rofl: .......................................woah... dude.

[daanja 10]

Thank you Ingot. I am a newbie and currently studying all I can, before I put my toes in the water.Your post was excellen tbut I am curious about your 10th.Rule about not trading correlated pairs. I was wondering if you could eloborate more ?? Thank you once again , Daanja

[Ingot54 13]

I am curious about your 10th Rule about not trading correlated pairs. I was wondering if you could elaborate more.

 

Daanja

 

Hi Daanja

 

"Correlation" is a smarter way of saying "co-related." It is a way of describing the relationship between currency pairs. They do not all move randomly as one might first think.

 

The simplest way I can put it is that as some pairs rise, others will rise with them - this is positive correlation.

 

As some pairs rise, others fall - this is negative correlation. To complicate matters a little, there are times that some pairs can be positively correlated, and at other times those same pairs can be neutral or even negatively correlated.

 

A lot will depend on the fundamentals which are the key drivers of trend in the currency markets.

During times of economic uncertainty - "risk off" or "risk averse" times - certain currencies are seen as "safe haven" currencies to own.

During "risk on" or what the market perceives as low risk times (happier economic times) safe haven currencies may get sold, as speculators take on more risk.

 

The USD, despite its financial problems. is still seen as a safe haven currency, because it still holds reserve status. So even during terrible economic news for the USA (eg housing figures or unemployment figures come out badly) the USD will get bought strongly. If exactly the same news occurred in the GBP (British Pound Sterling) the GBP pairs might get sold off heavily.

 

So economic news that may cause the USD to get bought, would cause the GBP to get sold if the same news was announced there. It has a lot to do with the "nerves" of the speculators, reserve currency status, or simply irrational behaviour - go figure!

 

How does this apply to traders?

 

We need to work out whether certain pairs are positively correlated or not, and if we know this, we will structure a portfolio differently from what might happen without this knowledge.

 

For example the EURUSD and GBPUSD are considered positively correlated.

 

Wisdom dictates that if you go long both pairs, you are essentially trading the same direction, in 2 pairs, so you are doubling your risk ... ie opening 2 positions in pairs that are likely to rise or fall together.

 

On the other hand, the EURUSD and the USDCHF are considered to be negatively correlated - generally speaking. So if you went long both pairs, you would essentially be taking a neutral position - the gains in one would be wiped out by the falls in the other.

Similarly, if you were long one pair, and short the other, you would essentially be doubling risk again, as the negative correlation would double-up your risk, and at the same time double up your profits, should you be fortunate enough to take the correct position in your trade.

 

What interferes with this nice state of affairs, is that there are times when the correlation breaks down - as in right now. The EURUSD and USDCHF have currently decided to "get married" - they are waltzing along in the same direction. If you can see the 1H charts of both side-by-side, you will notice that over the past 15 candles, both have risen 100 pips!

 

However, in time the relationship will move in an opposite direction once again, and "divorce proceedings" may begin again.

 

The AUDUSD usually moves with the EURUSD too, but not always!!

 

Some traders do quite well trading the arbitrage available when correlation becomes deranged. They wait until the "standard" or most usual patterns begin to reassert themselves, and then take opposite positions, or parallel positions in negatively correlated pairs, as the relationships become restored to the longer term norms.

 

I suggest you google: correlation in currency pairs and do a bit of reading on what comes up. You should be able to construct a list of positively correlated pairs and one of negatively correlated pairs, and a third one of pairs that are seemingly not correlated at all. There are sites dedicated to discussing and trading these relationships, and I believe there is a niche here for traders who have a good eye for charts, to specialise and do well trading the principles of correlation.

 

The whole idea is to take on board when some pairs are moving in step, and so you choose the better of those two pairs to trade, rather than both. And of course the same goes for strongly negatively correlated pairs - you might consider avoiding trading both of these at the same time, while they are so completely out of step.

 

You stand to receive better results by sticking to either one or the other of such pairs.

 

Hope that is not too confusing.

[teeroy 10]

Ingot!

 

I am enjoying your posts! You seem very educated and knowledgeable based on your posts. The question I have is, Are you profitable? There are "market academics" out there that have incredible knowledge but are not successful traders. While their knowledge may help others I am only interested in associating myself with proven winners...real traders who MAKE money. Do you?

[Ingot54 13]

Ingot!

 

I am enjoying your posts! You seem very educated and knowledgeable based on your posts. The question I have is, Are you profitable? There are "market academics" out there that have incredible knowledge but are not successful traders. While their knowledge may help others I am only interested in associating myself with proven winners...real traders who MAKE money. Do you?

 

Short answer and the truth ... No ... I am not profitable.

 

Long answer and also the truth (you knew I would say that, didn't you!) ...

 

Sure ... I can do some great trades, and I can even win seven or eight trades in a row, but regarding locking in profits and moving forwards to capitalise on that base ... no. Trades still turn against me and take away profits. Or should I say, I ALLOW that to happen - it is NOT done TO me.

 

So far it is not working for me. I still tenaciously believe I can do this, and that I will break through - there is absolutely NO DOUBT in my mind about that. No one will take away that belief. But I understand that I have not been approaching this professionally, and that is the area I'm working on now.

 

I have seen a lot of stuff in my years at this, and one thing I have seen in the past 3 months ... is myself.

 

I talk too much and take my own advice too little.

 

I no longer lose accounts as in the past, but I guess I am one of the 90 - 95% who are working at the restaurant and not the 5% who are eating there.

 

But I have seen the menu.

 

I don't beat myself up too much over it Teeroy - I just get more determined than ever. I tend to want to solve the same problem for others, and in so doing I post stuff that I believe takes me further down the road, and hopefully might help others at the same time.

 

Information is not a bad thing, as per the above post about correlated pairs. It is good stuff to know, and can prevent losses being magnified. But as far as actually helping to nail an individual trade, and securing consistent profits, it is more skirting around the real issue.

 

Just another part of the reason traders need a decent education - the $97courses and systems are never going to cut it.

 

Maybe I should have been a journalist ... or an author ... or ... a boundary rider ... or ... perhaps I could run an icecream shop ... or ...maybe "work" for Goldman Sachs!

 

EDIT:

I am only interested in associating myself with proven winners...real traders who MAKE money.

That is an excellent philosophy, and absolutely the only way to approach trading - sit at the feet of someone you KNOW is already doing it.

[optiontimer 10]

...I’d like to retire in a few years, but I still need a regular income .... I will stay in my present employment until I have proven my ability to generate regular trading income... My initial trading account will be with $10,000... I should be able to make 50% per year on my trading capital. I have divided this into 12 equal amounts giving a monthly target of $420.

 

I would think that much of your difficulty springs from the above quoted material. You have organized your mind around trading for a "regular income" - think profits, not income.

 

Good Luck,

 

-OT

[Ingot54 13]

I would think that much of your difficulty springs from the above quoted material. You have organized your mind around trading for a "regular income" - think profits, not income.

 

Good Luck,

 

-OT

 

Agree OT - When I first found this Trading Plan and adapted it into its current form, it seems like a rose-coloured-glasses plan that explained in general terms the idealist dream that having a written trading plan could deliver.

 

However, it is very broad, and apart from delivering a structure to what traders do, it actually does little about organising a real and workable plan. But what it does do is make traders think about what they are doing - and that process is not a bad thing in itself.

 

It really does need to be taken to the next level though, and fleshed out with practical and productive action steps. In the absence of anything else, it does get people thinking about their trading goals.

 

I like your paradigm shift from an Income Model to a Profits Model, and is something I will take on board. Thanks mate.

 

I guess what we are looking for here is getting the method right and the profits will take care of themselves.

 

From "profits" it is a short hop to "income."

[optiontimer 10]

From "profits" it is a short hop to "income."

 

There is no income; only capital from which to draw down to meet expenses. Capital can be destroyed through trading losses or converting it from cash or cash equivalents to goods and services. Capital can be created through trading profits or from savings from earned or unearned income.

 

Gurus preach "trading for a living," and speak in terms of "income," "making your own hours," "being your own boss." It is a dream, and they sell it remarkable well.

 

Let's wake up from the dream, and forget about trading as a job. If you are going to support yourself off of an accumulated capital stake, then the first thing you need to do is get down to the business of creating that capital. Because, bro', 10K ain't gonna cut it.

[Ingot54 13]

I have a lot to learn OT - I have never heard it put that way before.

[ahimsa 10]

hi ingot,i read ever with pleasure your posts,but this time i'm not agreed with your ending words,because for me if we loss and failure even the become of misery is an inevitable consequence .and,the hardships depend how kind of hardship,can destroyed the character.and the human being.for me there is only one thing that reveals the good character is being aware that only the evil that we made with our also little stupid and bad action is the true hardship and shame that we must try for ourself.its difficult to accept,i know,but is the true,when i'm aware of my wrong, i'm not also proud!do as do would be done by,and the world will be a pleasent place.to cause an hardship or put an human being till to hardship don't help,kill,him.is the life and in that way we all live that form character isn't indispensable to bereave till arrive a hardship,for form a good character.

[teeroy 10]

Wow! I did not expect the truth! I too struggle with psychology of trading. I think that modeling is the best way to learn to trade...if a mentor will let you follow along.

[Ingot54 13]

Ahimsa - please forgive my arrogance in making little changes to your post, to make it more readable. Your English is understood by me quite easily because I have a French wife, and I am also a teacher of English as Second Language to Adults (TESLA), as well as my health work. I have not abridged or paraphrased everything - just enough to clarify for all readers - that might be my folly and arrogance. I haven't changed everything, because I love the way you express yourself - it's beautiful.

Hi ingot, I read ever with pleasure your posts, but this time I'm not in agreement with your ending words, because for me if we have loss and failure, even misery is an inevitable consequence. And, the hardships depending what kind of hardship, can destroy the character, and the human being.

Well Ahimsa, I understand what you are saying, and yes, you could say that when we have loss (or when we fail) it is quite normal and natural to feel miserable.

 

The little adage is really saying that in life, losing and failure in some things, is inevitable. No one wins all the time, and no one is successful in everything. But to be miserable about it is actually a choice. Sure we feel the pain of an unfortunate outcome, but the human spirit is capable of rising above even the worst calamity.

 

By choosing (that is the key word here) to put the loss/failure in the past as quickly as possible, and to refuse to be miserable is the great victory over circumstances. No one else has to suffer for my problems. No one has to dwell morbidly on a loss or a failure.

 

There is another saying: "Misery loves company."

 

Notice how, in a workplace for example, when the conversation turns to politicians or the economy, the mood of the room turns negative, as people express their disappointment with leaders, with management failures and so on.

 

But notice also that when a person who has a bright and cheerful attitude comes into the room, and refuses to associate with the negativity, or refuses to take part in that conversation, the mood begins to lift. We all love such people. They cheer us up, whether we want to be cheered up or not! The dynamics of the group can be turned around simply by one positive action.

 

To participate in misery is optional - we do not have to be that way. We do not have to allow circumstances to destroy us.

For me there is only one thing that reveals good character - being aware that only the evil that we made with our also little stupid and bad action, is the true hardship and shame that we must bear for ourselves.

 

It's difficult to accept, I know, but it is the truth that when I'm aware of my wrong, I'm not also proud of it!

 

Do as do would be done by, and the world will be a pleasant place. (Do to others what you would like them to do to you.) To cause others hardship or to put a human being into hardship doesn't help or kill him. That is life and in that way we all experience character formation. It isn't indispensable to experience hardship, to form good character.

I think we are saying the same thing, but in different ways.

 

Character is what makes us do the right thing, even when no one is looking. It is not something that can be gained from a book - but it is something that comes from having an understanding and a love and respect for other people. It puts personal gain into second place when that gain would be someone's loss. This does NOT include normal trading on a level playing field, where all traders are competing on the same terms, and with full knowledge that loss can and will occur.

 

I think it refers to situations where a person could make some great gain at the expense of someone else who would not notice the loss, but chooses NOT to take advantage of the situation, and forgoes the personal gain. But the issue of character could fill a large thread on its own - particularly where it would apply to trading issues.

 

The way we behave when we suffer hardship will depend on the strength of the spirit within. It will depend on the level of maturity existing within the person in that situation.

 

Many people from all countries and all levels of community, have a spirit that rises in strength whenever disasters like floods, fires, storms and tornadoes, drought and famine and earthquakes occur. We see it all the time - people working together to help one another through the disaster.

 

The Global Financial Crisis is a great example of how character is revealed. We can clearly see who gained, who lost and why. Yet because it is the financial world, it is accepted. Why? Because within all of us is a desire to improve and do better for ourselves - whether through greed or through altruism - the path chosen tests character.

 

Problems arise when people try to introduce ethics and morality to financial dealings. The two issues are incongruent. We are better not to go in the kitchen if we don't like the heat!

 

That is why I use that adage. Yes, hardship DOES strengthen the character. But it also reveals the character that is pre-existing. Instead of whinging and moaning about losses and bad luck, the person with inner strength will accept the situation with courage, and move on with life.

 

Let me tell what happened to me recently. I had a few moments of reflection on my trading history over the past 7 years. The picture is not pretty, and many times I was close to giving up. But I have never been a quitter - even when it might have been best for me to move on. I could write a book about the things I have overcome and succeeded in, through having an attitude of "I can do this."

 

I see life as an adventure to be lived, not as a competition to amass the most money. Life to me, has been a gift from a loving and benevolent Creator, so I may see things quite differently from some others. That is not to judge them nor me. And that attitude has led me into extraordinary situations - places and crises that many people never even know about - let alone experience themselves.

 

Yet trading has become for me, the greatest challenge I have faced - the challenge to conquer myself. And I won't quit - even if successful traders try to tell me I will never make it - it doesn't faze me one little bit.

 

That's because I have been through enough of life to know that there is always a way through anything. If I have to reinvent my belief system, then so be it. But the process will never dent my character, or who I am.

 

It is not arrogant to believe in oneself. But it is wise to be humble and learn from others along with that.

 

Marianne Williamson wrote:

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure.

It is our light, not our darkness that most frightens us.

 

We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous?

 

Actually, who are you not to be? You are a child of God.

 

Your playing small does not serve the world.

 

There is nothing enlightened about shrinking so that other people won't feel insecure around you. We are all meant to shine, as children do.

We were born to make manifest the glory of God that is within us.

 

It's not just in some of us; it's in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same.

As we are liberated from our own fear, our presence automatically liberates others.”

Nelson Mandela used that quote in his inauguration speech. After being in prison for more than 25 years, he was still able to triumph over his adversity.

 

Did his imprisonment build his character ... or did it reveal his character?

[ahimsa 10]

Ahimsa - please forgive my arrogance in making little changes to your post, to make it more readable. Your English is understood by me quite easily because I have a French wife, and I am also a teacher of English as Second Language to Adults (TESLA), as well as my health work. I have not abridged or paraphrased everything - just enough to clarify for all readers - that might be my folly and arrogance. I haven't changed everything, because I love the way you express yourself - it's beautiful.Well Ahimsa, I understand what you are saying, and yes, you could say that when we have loss (or when we fail) it is quite normal and natural to feel miserable.

 

The little adage is really saying that in life, losing and failure in some things, is inevitable. No one wins all the time, and no one is successful in everything. But to be miserable about it is actually a choice. Sure we feel the pain of an unfortunate outcome, but the human spirit is capable of rising above even the worst calamity.

 

By choosing (that is the key word here) to put the loss/failure in the past as quickly as possible, and to refuse to be miserable is the great victory over circumstances. No one else has to suffer for my problems. No one has to dwell morbidly on a loss or a failure.

 

There is another saying: "Misery loves company."

 

Notice how, in a workplace for example, when the conversation turns to politicians or the economy, the mood of the room turns negative, as people express their disappointment with leaders, with management failures and so on.

 

But notice also that when a person who has a bright and cheerful attitude comes into the room, and refuses to associate with the negativity, or refuses to take part in that conversation, the mood begins to lift. We all love such people. They cheer us up, whether we want to be cheered up or not! The dynamics of the group can be turned around simply by one positive action.

 

To participate in misery is optional - we do not have to be that way. We do not have to allow circumstances to destroy us.I think we are saying the same thing, but in different ways.

 

Character is what makes us do the right thing, even when no one is looking. It is not something that can be gained from a book - but it is something that comes from having an understanding and a love and respect for other people. It puts personal gain into second place when that gain would be someone's loss. This does NOT include normal trading on a level playing field, where all traders are competing on the same terms, and with full knowledge that loss can and will occur.

 

I think it refers to situations where a person could make some great gain at the expense of someone else who would not notice the loss, but chooses NOT to take advantage of the situation, and forgoes the personal gain. But the issue of character could fill a large thread on its own - particularly where it would apply to trading issues.

 

The way we behave when we suffer hardship will depend on the strength of the spirit within. It will depend on the level of maturity existing within the person in that situation.

 

Many people from all countries and all levels of community, have a spirit that rises in strength whenever disasters like floods, fires, storms and tornadoes, drought and famine and earthquakes occur. We see it all the time - people working together to help one another through the disaster.

 

The Global Financial Crisis is a great example of how character is revealed. We can clearly see who gained, who lost and why. Yet because it is the financial world, it is accepted. Why? Because within all of us is a desire to improve and do better for ourselves - whether through greed or through altruism - the path chosen tests character.

 

Problems arise when people try to introduce ethics and morality to financial dealings. The two issues are incongruent. We are better not to go in the kitchen if we don't like the heat!

 

That is why I use that adage. Yes, hardship DOES strengthen the character. But it also reveals the character that is pre-existing. Instead of whinging and moaning about losses and bad luck, the person with inner strength will accept the situation with courage, and move on with life.

 

Let me tell what happened to me recently. I had a few moments of reflection on my trading history over the past 7 years. The picture is not pretty, and many times I was close to giving up. But I have never been a quitter - even when it might have been best for me to move on. I could write a book about the things I have overcome and succeeded in, through having an attitude of "I can do this."

 

I see life as an adventure to be lived, not as a competition to amass the most money. Life to me, has been a gift from a loving and benevolent Creator, so I may see things quite differently from some others. That is not to judge them nor me. And that attitude has led me into extraordinary situations - places and crises that many people never even know about - let alone experience themselves.

 

Yet trading has become for me, the greatest challenge I have faced - the challenge to conquer myself. And I won't quit - even if successful traders try to tell me I will never make it - it doesn't faze me one little bit.

 

That's because I have been through enough of life to know that there is always a way through anything. If I have to reinvent my belief system, then so be it. But the process will never dent my character, or who I am.

 

It is not arrogant to believe in oneself. But it is wise to be humble and learn from others along with that.

 

Marianne Williamson wrote:Nelson Mandela used that quote in his inauguration speech. After being in prison for more than 25 years, he was still able to triumph over his adversity.

 

Did his imprisonment build his character ... or did it reveal his character?

 

 

 

Ingot,don't worry neither arrogance,thanks for correct my eventual mistakes (also if in one phrase you has changed the sense,because i said kill him really;));)you have a lovely way to talk with others people,i really happy that you loved my way to express myself,also if i know that its easy for me to being misrepresent,this is a matter that can expand in many speech,and i'm at the beginning not much for trade(i'm just doing),but for understand all the tecnic posts wrote with a tecnical language.its true what you said about the strenght that many people has in some circumstance,they reinforce the character with the hardship,but let me say for what i truly see ,many time this kind of experience like a disaster,a heartquake,can put the human being in a state of unawareness of their psycho-physic condition,because they feel all their strenght,that helped them.for win the fear to dead,that all the other things that will happen after is like drink a water glass.Well,the other point that caught me is when you talk about the life is a big gift of God,an adventure to be lived,(true)and not a competition to amass money.OK i'm with you but if we made this matter we must forgive,the ruthless world of finance,were who is so much rich and ambitious don't care about others problems and don't care if others want made this job with a dream to lived in a better way. In Finance the 95% of people loss,only the 5 %has a profitable and continuos gain,and more has and more they want.i think that is the normal step of path.if someone is in high place want rest here,don't want come down the big rich amass money for fun the other wants amass money for bring the life of their dream,but even only the 5% succeed with trading..i don't believe at the altruism in finance.never..believe in ourself is a command for me,i love the humble and i like to learn from other but absolutely i think that believe in ourself is a key that help us against the failure and loss.

 

ahimsa