KLCI Updated

KLCI Weekly Chart

After market sell off last week, market slightly recovered. KLCI retrace near the 50% Fibo line and bounce to 23% Fibo line before closed at 1273 points. If you see on the daily chart, we can saw long lower shadow candle existed (hammer) two weeks ago which I assume the pullback occurred. On the technical indicator RSI showing that KLCI at the moment is downtrend. The sell off two weeks ago tested previous RSI support and bounce back to 50 level. At the moment, not only our market but the most of the world major indices depend on the US economy. The sell-off was triggered by renewed concern about weak housing, consumer confidence reports and ongoing credit and mortgage market woes in the US. All eyes now focusing the US index especially Dow Jones. Tomorrow I expected KLCI will open higher since the US market on last Friday gain 119 points.

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The Seven Secrets of the Highly Successful Trader! - 7) KEEP TRADING AS PART OF A BALANCED LIFE

This is an extension of Secret #6. Trading is stressful no matter who you talk to. Money is stress. So do everything you can think of to eliminate this stress. You will be happier and you'll be more successful. I have met hundreds of successful traders and one thing they all have in common is their lack of stress. They all have hobbies, families, friends, sports, and leisure activities that allow them to follow their rules without stressing about every move. It's amazing! I explain the stories in my book but I can tell you right here that my trading results went through the roof once I took a break from trading to pursue other activities. For years I thought I needed to spend every waking hour thinking about and developing my trading career. I became so stressed when the results were poor and so happy when the results were good. It was a roller coaster of emotions and stresses. I needed a break so I took a sabbatical for several months (but I left my rules intact and on auto-pilot with my broker). I returned to the best results of my career. I realized that my constant presence was only hurting my chances. From that point on I realized that I needed to make trading only one (of many) facets of my life.

The seven secret of the highly successful trader articles already completed which I took from the other website. Hopefully we can gain something on this beneficial articles.

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