Archive for December, 2007
The first thing I think about today after my trading session is the phrase 'choose thy weapon'!!! For those reading, you're probably thinking that I lost the plot but bear with me.
Today was another disastrous day but it wasn't my discipline and trading to blame.
Trading is like going to war, you're fighting to claim your piece and it's important that whatever weapon you use (in a war) that you know how to use it and know it's limitations.
When I say weapon, in terms of trading, I am ta
December 13, 2007
1 Comment Full Story
* In hindsight!!
Yes, it's true.. when you look back on charts you think to yourself.. wow, the charts did this and I would have entered here and exited here. It was obvious as the stochastics turned right at my entry and once again when I exited.
However, when trading live and watching the markets bounce around, it isn't as easy as you think to pull it off. The indicators are lagging so they do not form until after the move.
Then you have your trading psychology to deal with and this d
December 13, 2007
No Comments Full Story
Well, I didn't!! In the past I have done so and have won loads and have lost loads also. If you spreadbet then you find that you can't get in and out as quick as you like and you can be stuck in a losing position.
Anyway, as mentioned yesterday, we were told by our trading mentor not to trade today unless it's past 7.30pm (GMT) and that's only if you really have to and see something. Well, the market has move strongly to the downside and now my indicators are all indicating that the market is
December 11, 2007
No Comments Full Story
« Older Entries
Newer Entries »
