Random Thoughts

> As a trader, our job is identifying trend and exploiting it. Our job is never to PREDICT a trend or trend change. As a trend is in place, we must not bet against it. Price action in trend is most important thing to analyze in technical analysis, other elements like volume, divergence, pattern, sentiment etc. are secondary to price. always remember that.

> Mankind after so many years evolution still can get rid of emotion. You talked about successful trader relies on 70% on a successful mindset, which means at least 70% of decisions people made are irrational. Trading on chart is simple but people always have difficulty to look it right.

> In order to be right most of times, you must be willing to be wrong some times. Don't balk on a decision looked wrong when technical analysis called you to act. You may well be wrong but odds are you are right more often than wrong. It will be stupid to buy at top and sell at bottom but in order to be smart for most trades you have to be stupid in some trades.

> Trading, it is not a game you are more right than market, it is a game that you trade with market more often that you trade against.

> Today's action is more important than yesterday's action. Tomorrow's action is more important than today's action. A reversal of a significant signal is a more significant signal.