Trading journal 12/March/2013

• Last trade turns out to be right, however on the same reason yen should rally, miss a good opportunity but never mind.
• Reuters said nikkei should rally in the long-run, this may be the truth
• Don't believe the reasons laid out by the media, a bunch of non-sense
• Lost yet another 200, 400 in total
• Lesson: never trade binary options any more. It has a lot to do with luck, focus and short-term volatility; One can make money on it one time, some one may make money on it constantly. It's not the idea trading, just tricks. Overall it's a zero-sum or even losing game
• Put thought into the market, do some hard work
• The Nikkei trade is a combination of a fundamental view and a contrarian view on the chart shape, on the short-term this might be a good way to go; on the long run, I believe efficient money management with portfolio diversification is the key. Ray's method is quite amazing, though I'm not sure I can achieve that with limited capital