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Random article: Dow Jones Index
Dow Jones Index (abbreviated as DJI) was introduced by Charles Henry Dow in the end of the 19th century. Charles Dow was an editor of Wall Street Journal newspaper and a founder of Dow Jones & Company. This index was purposed to trace development of industry branch of the US stock markets, therefore it was named “industrial”. Originally it represented an arithmetic average of 12 largest stocks of American industrial companies. Over the years the number of constituent companies grew, and by this moment Dow Jones industrial includes indices of 30 largest companies of the USA representing a scaled average of their stock prices.
I have traded for five years. And have almost always lost. To say I have had no Luck is no lie. But that’s what makes me special. I never gave up. And through all the losses and pain I have become a better person and trader through the difficulty and by perseverance. I studied brilliant money management and Strategies which all work very well. I went on the worlds best courses and paid big money. There is a proverb: It says: “ why is there in the hand of a fool the purchase price of Wisdom when he has no heart for it.” I was the problem. Not the market. I was un-disciplined. I over leveraged. I got lazy and did not analyze sufficiently. And the main reason for that was that I got caught up inside the Old day trading scalping trap of trying to get involved in market movements that were not mature, ripe and well they just weren’t ready. I have learnt that to be successful in trading this market you need be patient. Waiting for a setup means the market will come to your entry and then you take the risk.
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