psychology of trading

As I understand it – Putin and Obama have made an “appearance for the camera’s” but that no “official meeting” between the two will take place.

I’d suggested some days ago that Russia will not stand by and allow this “attack on Syria” to take place, and was generally met with the opinions from most of you  – “”well Kong – the U.S is gonna do it regardless”.

Currency trading provides some pretty deep insight into “WTF” is going on in our world today, and I can tell you from my experience ( as well the countless hours reading / researching every element of our world ) that  “this time” is different.

There has been a lot of activity overseas in the past few years, particularly between Russia and China, as well a number of Middle Eastern countries “getting their sh#$t together” – if you will.

I see the “divide between east and west” stronger now – then every before in my lifetime.

Technology has played a tremendous roll. Growth in China, and the continued downturn in the west has the now “unified East” stronger, smarter, and more confident than ever.

Russia will not have this, and in my view ( with greater confidence in its relationship with China ) may just as well see this “event” as the “single event” to re assert itself as the “big boy across the oceans” – and take this one to the limit.

These are crazy times we live in – thusly……….. crazy things “will” happen.

story by F Kong

First off…..there really is no such thing as “short-term trading”.

Short term trading is a fantasy.

Sold to you much like “a get rich quick idea” or some sad example of “network marketing” where you the “client” exist purely as the client in your own mind – when actually fulfilling the role of “customer” in an industry that just sold you a dream.

You don’t get rich quick. You don’t “make easy money”. More like you “put down your money”, read a couple of forex “how to’s” – and BAM! You’ve been had.

So let’s get back to the fishing metaphor.

I can lend you my fishing rod. I could even be so kind as to take you down to a river I know….point you in the right direction,  and even help you out by suggesting a fly or two. (This is fly fishing boys….we’re artists here are we not?)

• Do you care that the river’s a little high? Ya…it rained a lot last night. Ok…I didn’t think so.
• Do you know “where to cast” ( as the fish hold in very specific areas along the river) ? Ok…I didn’t think so.
• Have you ever been up past your knees in water moving “juuuuust a little faster than ya thought it might be?” Ok…I didn’t think so.
• Have you considered “what you might actually do – should you get a bite?” Ok…I didn’t think so.

So………let me get this straight “you fancy yourself a short-term trader” then do you?

Common.

It takes years to read a river. It takes even longer to catch fish.

Kong! Is USD going down? Kong! Is gold on the rocks?

Kong! Are my entire life’s savings going to wind up a smoldering pile of cinder if I don’t sell now??

Welcome my friends…….

This is what we call volatility.

Let’s face it…….this thing is a bloody mess no matter how you look at! There is no “rationalization” , no “justification” , no “orientation” – when you consider all facets ‘n factors.

We’ve got potential global war, the U.S debt ceiling, a new Fed chairman and a potentially “alien escorted comet” on track for Earth late 2013 ( please google this ) , along side elections in Germany, continued “question marks” over China’s real story……and ( if you can believe it ) a new dog living below me who’s “hell bent” on howling all hours of the day and night!

Volatility? Can anyone say volatility?

Can I get a “V” please?

There are no easy answers here. You get through these times as you’ve done in the past. You face it. You accept it…..you push through. We knew this year was going to be difficult, and now with the summer doldrums behind us guess what??

Things are about to get interesting………..real interesting.

If the age-old saying that “idle hands are the devils workshop” holds any truth, I imagine myself a “shoo in” for the lead role should anyone ever take it to the big screen. As a boy I usually managed to get my school work done quite quickly, spending the majority of my time “pestering the hell” out of anyone within reach.

I was bored.

I didn’t know I was bored. Only that, with little else filling my time I “always” seemed to be “reaching out” ( he he he…. ) looking for something else to occupy my mind. For the most part this usually just meant “getting into trouble”.

These days ( dare I say ) little has changed.

I don’t “do well” when I’ve got nothing to do, and considering that I’ve been more or less “out in the jungle” some 15 years now – a number of other factors have also come into play.

“Survival” is generally not something that most people consider day-to-day.

Safe n sound in the daily grind, most people “may” see the odd “touch n go situation” in their lives ( if any ), and that likely wouldn’t include hanging their asses and entire life’s worth/savings on the line DAILY – choosing to “trade forex” as a means to get by.

Some might say it’s crazy….but for me “anything less crazy” would likely have me “well down the path” with our “pointy tailed friend in the red suit”………….and we don’t want that.

I want to thank everyone who reads here, and that contributes here.

This blog has become a significant part of my daily life – a good part of my life.

Thank you for this.

Kong……strong.