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Jamace's Posts

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Sports › Re: Rashidi Yekini Is Dead? by jamace(m): 5:58am On May 05, 2012
aryzgreat: RIP! now NFA will c opportunity to embezzle from his burial program, d stupid state govnor who could not rehabilitate dis sports hero will want to make political statement by honouring him in death.SMH
That is the sad truth, my brother. Oh Nigeria!!! sad sad
Jobs/Vacancies › Re: He Was Sacked For Refusing To Be Transfered To Boko State by jamace(m): 8:22pm On May 04, 2012
OP

Go to this site immediately:

www (dot)jobberman (dot) com

Auditing/Accounting jobs abound there.
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 1:18pm On May 04, 2012
Waiting patiently. cheesy
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 10:57am On May 04, 2012
unclenna: @odiaero and tonjoan pls let's leave this battle of who makes d correct calls most. Both of u r elders in this house. Let's show maturity and avoid 2 answer back.
GBAM!!!
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 10:37am On May 04, 2012
Contd

9. “I am not emotionally affected by my profits or losses”
Both losses and profits have the ability to induce emotional reactions in us. A loss can cause us to want to take ‘revenge’ on the market and try and ‘make back’ the money we just lost. A profit can cause us to become overly-confident or even euphoric, which can cause us to deviate from our trading plan and take a trade that is lower probability than what we normally would take. Either way, you have to always be on guard against making an emotional trade immediately after a trade closes out, whether it was a winner or a loser. The best thing to do is to simply remove yourself from the markets for 12 to 24 hours after any trade.
10. “I try to trade with the dominant daily trend as much as possible”
I know you’ve heard this before, and I know it’s very cliché, but it’s also very true; the trend is your friend. I am often amazed at how many emails I get from traders telling me they are losing money in the markets and simultaneously asking me to comment on the chart they’ve attached to the email that shows a counter-trend trade on the intra-day charts. The easiest way to make money in any financial market is and has always been trading with the dominant trend. There are times when trading counter-trend is warranted, but until you’ve mastered trend-trading you should forget about counter-trend trading. Remember, don’t fight the dominant daily chart trend, instead, capitalize on it and ride the momentum until it ends.
11. “I will not over-trade, I will be patient and let trading opportunities present themselves to me”
Don’t trade just because you feel like you have to or you want to…make sure there’s a real reason to do so and never trade when your pre-defined trading edge is not present. The downfall of most traders is over-trading, because most traders simply don’t have enough patience to trade forex like a sniper and not a machine gunner.
12. “I am not a gambler, I’m a professional trader and I will not engage in gambling my money in the markets”
Gamblers make random bets in casinos or elsewhere, and traders who don’t have trading plans or who don’t follow their trading edge are also gamblers. It’s really easy to click your mouse and put a trade on and hope to get lucky, kind of like pulling the arm of the slot machine at a casino. The difference is that you can actually develop and implement a high-probability trading edge like price action strategies when trading the markets. So, it’s up to you if you want to be a gambler or a trader.
13. “I will not interfere with my trades without just cause”
This one is similar to number 8, but it’s so important I wanted to touch on it again. Interfering with trades is usually an emotional reaction born out of risking too much or over-trading, both of which cause you to become overly attached to any one trade, which in turn causes you to over-analyze your trades and meddle with them once they are live. There are times when there’s just cause to interfere with your trades, such as a giant pin bar reversal that forms counter to your position, or some other opposing price action. However these instances are rare and it takes time and effort to develop your discretionary trading sense to the point where you can “effectively interfere” in your trades.
14. “I will never let the news or fundamentals influence my trading decisions”
Traders who fall into the temptation to over-analyze the thousands of Forex news variables that occur each day, usually end up losing their trading accounts pretty quickly. All market variables are reflected via the natural price movement of the market, so by analyzing and trying to “figure out” what’s going to happen by reading economic news or watching CNBC you’re simply adding unnecessary and confusing variables to your trading approach.
15. “I am happy to take a profit and I will not be greedy”
Take your profits when your targets get hit, don’t change targets in an effort to try and get “just a little bit more” profit…These attempts to get a “little more profit” are usually in vain, and they usually lead to you letting a winning trade turn into a losing trade. Traders with smaller accounts especially need to take logical profits as they come, in order to build their accounts up and their confidence. If you get a 1 to 1.5 or 1 to 2 risk reward, there’s nothing wrong with taking the money off the table. Don’t fall into the trap of hoping that every trade you take goes on a parabolic run in your favor, the markets ebb and flow, meaning they don’t go in straight lines for very long.
16. “I invest in my trading education & myself”
Investing in your own education is paramount to success in any field. Forex trading is no different; whether it’s a book on trading psychology or the knowledge of an experienced Forex trading coach, learning something each day to make yourself a better trader will only improve your edge in the markets.
17. “I believe in my trading strategy completely and whole heartedly”
It’s critical to your trading success that you learn and trade with a strategy that’s proven and that you personally enjoy trading with. You have to follow it without deviation by remembering the fact that one loss does not negate the whole trading strategy. Don’t jump from one strategy or system to the next just because you stumble upon a few losing trades; losing trades are a natural part of any trading method. The key lies in losing trades properly and making sure you are trading with a strategy that is both simple and effective, like price action
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 10:33am On May 04, 2012
17 Daily Forex Trading Affirmations by Nial Fuller
1. “What the mind of man can conceive and believe, it can achieve” – Napoleon Hill
This is the most important motivational quote of all time, which is why I have it listed again. If you haven’t read Napoleon Hill’s Think and Grow Rich Book, I suggest you do so in the near future, it’s the single best piece of motivational literature ever written in my opinion, and it will likely have transformative effects on your trading and your personal life.
2. “I am a successful trader”
If you repeat to yourself everyday that you are a successful trader, it will make you a lot more likely to do the things that are necessary to become one. If you do not believe you are a successful trader, you will never become one, as with anything else in life, you have to believe in your cause or goal before you can make it a reality.
3. “I am consistently following my trading plan”
You need to approach Forex trading as a business and be strategic and logical in following your trading plan; don’t deviate. If you’ve taken the time to formulate a comprehensive trading plan based on your trading strategy, your trading will be the most effective when you follow your plan, since you were objective and clear-minded when creating it.
4. “I have a Forex trading journal and I use it”
If you have a Forex trading journal and you actually use it, you will be far ahead of most traders. It’s critical to keep a running track record of your trading performance so that you have a tangible piece of evidence that reflects your trading ability or lack thereof. A trading journal will also give you something to stay accountable too and help you remain disciplined and organized.
5. “I practice proper risk management”
It’s important to remember that trading success is defined over a large series of trades, not over one or two. This means that you should not give too much significance to any one trade, and the way to do this is by never risking more than you are comfortable with losing per trade. By that I mean, never risk an amount that keeps you up at night thinking about or watching your trades. Remember to take small losses and that you are going to have losing trades; it’s just part of doing business in the Forex market.
6. “I trade according to what the market IS doing, not what I think it ‘should’ be doing”
We want to trade what we actually see on our Forex price charts, not what we “think” should happen or what we “want” to happen. At the end of the day, it doesn’t matter what you want the market to do; it’s going to do what it wants, so your job is to learn how to read its price action and take advantage of it, not fight against it.
7. “I will never take a trade unless my reward clearly outweighs my risk”
The goal of any trader or investor is to make sure that the prospective reward of a trade clearly outweighs the risk involved. You need to gauge the market structure prior to entering a trade and make sure there is a logical reason for expecting that the risk reward on the trade is at least 1:1.5 or 1:2 or better.
8. “I will not sit around and watch my trades after they are live”
There’s nothing wrong with checking in on the market every 4 or 8 hours, but if you are sitting there addicted to your charts like a junkie, you are going to self-sabotage your own trades and probably end up losing a lot of money in the process. We have to learn to let the market “do the work” and just forget about our trades for a while after they are live. The set and forget forex trading strategy is something that I stand by and that I implement in my own personal trading, because meddling in your trades after they are live is an emotional decision and thus it’s usually the wrong thing to do. Find anything to do except watch your charts after you enter a trade.
Forum Games › Re: ~Positive Inspirational Game . . . ~ by jamace(m): 9:40am On May 04, 2012
"Good people are good because they've come to wisdom through failure."

-- William Saroyan, Writer
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 4:55pm On May 03, 2012
tonjoan: na dem sabi with their talks jare. My own na to de follow charts as e present itself.
True talk.

Me I no even know wetin those jargons mean sef. I just dey obey my indicators, period. grin
Business › Re: Forex Trade Alerts - Season 6 by jamace(m): 2:28pm On May 03, 2012
I see the present retracenment of EU & GU northward as preparation for NFP tomorrow. From the look of things/my indicators, the NFP will be bearish tomorrow. Watch out.
Adverts › Re: Gasoline Inverter Generators Very Quite(59 Db)-mortocykles:2012 Cheap New 110cc by jamace(m): 2:21pm On May 03, 2012
The Observer: Why can't u post photos of the bike, it will work faster that way. am highly interested. or send photos and price/unit to kelvinchiorlu@rocketmail.com
Better.
Forum Games › Re: ~<<The Last Person To Post In This Thread Wins>>~ by jamace(m): 2:14pm On May 03, 2012
Hello ooooo.
Forum Games › Re: Answer A Question With A Question by jamace(m): 2:13pm On May 03, 2012
Do you really care about us?
Politics › Re: Subsidy Probe Lacks Credibility – Alhaji Ali Gullack by jamace(m): 10:22am On May 03, 2012
Hu? I don't think I read this right. Let me read it again.
Culture › Re: If You Are From Cross River Or Akwa Ibom, This Topic Is For You. Sosongo. by jamace(m): 9:11am On May 03, 2012
Da jmaine, mme kom o grin.

Ami tie mi se mme mkpo emi etibe de ke obio nyin, Nigeria. Maa Abasi,esit inem ke mi aba. Mkpo akpa mien idem. sad sad
Forum Games › Re: ~Positive Inspirational Game . . . ~ by jamace(m): 8:40am On May 03, 2012
"The most important thing is your self-respect. It doesn't matter what people think about you, but what you think about yourself."

-- Robert H. Abplanalp
Forum Games › Re: Start A Sentence With The Last Word Of The Previous Poster by jamace(m): 5:47pm On May 02, 2012
Sense of humour is a must have quality for every human.
Adverts › Re: Gasoline Inverter Generators Very Quite(59 Db)-mortocykles:2012 Cheap New 110cc by jamace(m): 5:25pm On May 02, 2012
How much for your gasoline inverter generators?
Forum Games › Re: What Is On The Mind Of Poster Above You? by jamace(op): 2:48pm On May 02, 2012
Where to ease tension.
Food › Re: What Are Your Best Fruits? by jamace(m): 1:02pm On May 02, 2012
Banana
Pineapple
Pawpaw
Food › Re: How To Cook Dog Meat For Soup(strictly Calabar And Ondo) by jamace(m): 12:58pm On May 02, 2012
JosBoy4Lif: Dog meat is the sweetest meat I have ever tasted.
In fact I am day-dreaming about it right now kai, I cant wait to go back home!!!!
That's right. cool
Forum Games › Re: Look at the person's username above you and think of a nickname by jamace(m): 7:44am On May 02, 2012
^^^ grin grin


Taliban babe.grin
Forum Games › Re: ~Positive Inspirational Game . . . ~ by jamace(m): 7:38am On May 02, 2012
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."

Robert Heinlein
Politics › Re: President Jonathan Has An 81% Approval Rating: Gallup Poll by jamace(m): 7:17am On May 02, 2012
This poll result is for their village chief. This can not be acceptable to Nigerians because there is no reflection of such performance on ground.
Politics › Re: Transparency International Writes Jonathan On Corruption Rate . by jamace(m): 9:39pm On May 01, 2012
Dis Guy: open season on the treasury, free for all country



yea best open lootocracy and very transparently done
grin grin grin
Forum Games › Re: Give The Poster Above Your An Hobbie! by jamace(m): 7:11pm On May 01, 2012
Galivanting grin
Forum Games › Re: The Pidgin English Thread by jamace(m): 7:08pm On May 01, 2012
[quote author=emöfine2]I dey o . . .no mind me, the new NL display con chase me but now the prodigal has returned tongue

. .but Jamace I wan ask one small thing sha, wetin be sosongo? embarassed[/quote]Sosongo means thank you for efik/ibibio language.
Forum Games › Re: Lets Use Smileys Only: Reloaded by jamace(m): 7:05pm On May 01, 2012
huh huh huh
Forum Games › Re: Who Are You Missing Today? by jamace(m): 6:50pm On May 01, 2012
Plenty plenty

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