Indonesia Composite is rally up to 3600 and predicted will be 4200 at the end of Y2010. For trader who has get their gain in the last month, I just want to remind that any kind of your trading style the most important thing at the end of trading range is gain.. :)

For other reference during trading, herewith important rules of technical trading that I always try to implement.

Map the Trends : Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the long-term has been established, then consult daily and intra-day charts. A short-term market view alone can often be deceptive. Even if you only trade the very short term, you will do better if you're trading in the same direction as the intermediate and longer term trends.

Spot the Trend and Go With It : Determine the trend and follow it. Market trends come in many sizes – long-term, intermediate-term and short-term. First, determine which one you're going to trade and use the appropriate chart. Make sure you trade in the direction of that trend. Buy dips if the trend is up. Sell rallies if the trend is down. If you're trading the intermediate trend, use daily and weekly charts. If you're day trading, use daily and intra-day charts. But in each case, let the longer range chart determine the trend, and then use the shorter term chart for timing.

well.. that's two of ten the important trading rules that I always rely on. The others will post later after get more practice :)
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Trading in hit isn't everyone’s cup of tea. Some people crapper do it and some can't. Even among the some who can, not everybody crapper be flourishing at it. While there are no hornlike and fast rules on what makes or doesn't attain a flourishing hit trader, those Wall street Wizards that you center most who made the most in the least amount of time, all appear to hit certain characteristics in common.

1. Successful hit traders are able to go against their natural instincts.

2. Successful traders hit a simple system. No matter which framework you use as long as you follow to it. A Successful dealer knows their framework and makes trades based ONLY on their system. \"The secret to being a winner is consistency of purpose\". You poverty to improve a separate strategy for getting into a position and for exiting one.

3. Successful traders are risk Adverse. Successful traders don't like losing money and prohibit themselves before losing too much, even if it means admitting they made a mistake.

4. Successful traders are willing to attain mistakes. Successful traders hit the right and ability, not to do the right thing, but to do the wrong thing. It's the ability to attain your own mistakes.

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8. A flourishing dealer is Patient. A flourishing dealer let’s winning positions run, but is able to backwards out when proven wrong. Patience crapper stingy resilience, courage, and conviction for when markets go against you.

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10. A flourishing dealer is disciplined. Very disciplined. A flourishing dealer will do what he needs to do, even if he isn't in the mood. Discipline also means Sticking to your strategy, not abruptly buying or selling on a whim, or because of a\" hot tip\"

11. A flourishing dealer knows the difference between antitank and offensive behaviour, and when to use each. - protect your money first, profit later.

12. Successful traders don't eavesdrop on rumours or intend emotionally involved. To be a flourishing dealer you hit to be rattling hornlike on yourself. Your hit to be able to resist the urge to prove you are right and be ready to attain mistakes. . You also poverty to be able to not let emotions affect your decisions. Setting up stop loss points for every decision you attain is something that you are feat to hit to do. That will stingy more than occasionally admitting that you are wrong. You and your portfolio will endure and you will be able to intend backwards into the position again when trends signify that the instance is right. You will hit to learn to disregard any emotive ties you hit to your hit and attain quick hit trends your master. You will miss the lowest entry points and the top selling points, but you will be able to rest at night. You will need to learn to intend out of a hit position before your profits turn into losses.

13. A flourishing dealer knows themselves. Successful traders must be engrossed of their strengths and weaknesses. Your strengths and imperfectness will become rattling important. Play on your strengths when you can.

14. A flourishing dealer knows their investments. Your investments are almost as important as you are. Know the past history of the hit and their strengths and weaknesses as well.

15. A flourishing dealer sticks to the rules. The grouping is there for a reason. Nothing crapper ruin a flourishing hit buyer as quickly, or as sure as flouting the rules.

Get to undergo these 15 characteristics and you are on your way to becoming a flourishing trader. Read More...