Given the dramatic events of the previous week, I videoed my comments for the ES today. The Aussie and Singapore Stock Markets, I’ll do tomorrow.

Here’s the link:

http://www.tradingsuccess.com/download/220908/220908.html

I received quite a few ‘thank you’ e-mails.

Guys and Gals, I do not want to appear churlish - I appreciate your thanks and I rejoice in the fact you made tons of money. But if you continue to trade in this fashion, the market will hand you your head on a silver platter.

Let’s look at some facts.

Currently, I happen to be in a flow state - the Nature of Trends material (Barros Swings etc) - happen to fit the current condition of the market and I am doing little wrong. That can change tomorrow. Instead of moving up each time I call that, the market will move down (and vice-versa)!

Trading is all about risk management, consistent execution of your plan and learning from your mistakes - what I call the Habits of Success. Following tips from any blog is a likely path to the poorhouse.

Better is for you to either learn to trade or follow a paid investment advisory newsletter. This blog is merely a personal reflection and forms part of a range of methods to share my knowledge. It is not intended to be a tipping sheet. If you haven’t mastered Risk Management and Winning Psychology, there are a number of great educational packages around. Of course I think my Habits of Success is among one of the best; at US$350, it is certainly one of the best values in town.

If you want a trading method (plan with an edge) and to learn how to make it your own, the 6-week webinar is an option. More expensive than Habits because it represents 30 years of blood, sweat and tears. Also, there are other great courses to choose from e.g.Pride Educators.

The point I am endeavouring to get across is you won’t find success from following this blog - it’s not intended to be an advisory tool and it scares me to think some of you are treating it as such.

Take care out there.

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