Archive for October, 2007
Hi all,
From my last performance which was pretty pants, I reviewed again what should have been done today. The way you're mindset is determines how well you're doing.. when you're trading, it's like an Olympic sport for the brain.
Just imagine your running a 100 metre sprint but the day of your race, you are feeling extremely tired. How on earth are you meant to compete on that day. When this happens, if you're feeling tired, mentally exhausted and not your usual perky self, it is best to
October 29, 2007
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Hi all,
Hope you all had a good weekend. I am exhausted and the market isn't really doing too much right now. I shouldn't have really traded as the mindset wasn't correct today but I did. I made two losing trades at -10 in total.
The first trade was a short at 154650.. this is where the 5 day MA was. Usually, one should only really go in if you see confirmation of another support resistance line as a move off a MA is rather quite risky.
Second trade was a short off 154800.. I got in as
October 29, 2007
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Hi All,
I was thinking today about how I could test my trading strategies without actually committing my money on the markets.
Of course, there is a psychological different if you're trading real money or a dummy account but I am aware of the psychology and can honestly say that I am able to treat my dummy accounts as real accounts and the psychology is the same.
Anyway, I found out that there is a fantastic site which you can use to test your trading strategies, it's called Wealth Lab
October 28, 2007
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