Tuesday 23 December 2014

Article - All it takes is a litte organisation

A man with a plan can commence a journey; a man with no idea is doomed within his own circle.

In A.D 60 the then Governor of the 
Roman province of Britain, Gaius
Suedonius Paulinus, was faced with a very dangerous revolt and threat to Roman rule. Boudica's revolt was to become a watershed in the early history of the nascent Roman Empire. In the reign of Emperor Nero,  Augustus already long gone and a faded memory, no more serious challenge would present itself to the early Roman empire than the revolt of the Britains.


Read further here http://en.wikipedia.org/wiki/Battle_of_Watling_Street



According to the Roman historian Cassius Dio , Boudica forced a final battle in A.D 61. This final battle is now known as the Battle of Watling street, a name modernly coined for the name of the major trunk road running south to north in Roman Britain. at this battle Governor and General Gaius Suedonius Paulinus , with a mere 10,000 troops ( approximately 2 Roman legions in strength) were faced with Boudica's main body of at least 230,000 men and women. Half of which were men.

The result - a spectacular defeat of Boudica and vociferous demonstration of Roman organization in battle.  





Watch here   the video for - Decisive Battles of Ancient World - Boudicca, Warrior Queen





The moral of the historical narrative -

It only takes organization for a man to commence a journey. If there is one trait that is overall consistent with each and every successful trader; it is the remarkable ability to organize resources and stick with a plan no matter what the  fury the market unleashes.

It takes an enormous amount of discipline and mental strength of character, to day in day out, grind out a performance that can stretch out over a 10 year period to average 20-30% gains per annum. But as with the historical narrative of Boudicca we can learn from this story two important lessons - 

1. With organization and discipline a trader can fight against superior numbers

2. Market numbers can be misleading; the collective show of force can indeed be nothing more than a rag-tag babble of hot air.

With proper organizational skills and the tools of risk allocation, a trader would be able to forge a road ahead towards a destination that reaps the rewards of success if he can understand and work with his own strengths.

Once again, I must reiterate for all, Forex trading per se can be lucrative in the long run only through position trading and hedging. one does not fight a battle without a shield; where is the cut and thrust to lead to in the thick of battle if the opponent can counter strike and effect a mortal wound? if the sword is the trade, the hedge becomes the shield, to increase the probability of survival and success. In that sense, Forex trading on a platform offered by a single counter-party, could be like walking into a trap and a battle from which neither sword nor shield can defend. There are no 100% returns in life without a wicked whipsaw backlash. Many a trader lead themselves to believe that an easy victory can be repeated again and again. it is easy to get carried away then.

We choose our time; we choose our terrain; we choose our weapons.

A trader does not need to be overwhelmed by the pressure of Time; to be forced to compete and perform in the shortest possible time frame. This journey is a marathon and we need to pace ourselves accordingly by understanding how risk allocation can be segmented into different classes of assets with exposure to different price volatility.

Overall, with organizational strength, a trader increases his chances of success in the long run by understanding and accepting that he is merely small, but can live on to fight and win famous victories.



Pieter Bergli - DeLoren Trust Holdings

Forex education understanding markets  



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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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