Archive for May 13th, 2008

That dreaded trading psychology again!

That dreaded trading psychology again!

I'm back on my spreadbetting account trading the Dow Jones. My first trade was a decent short I felt as the stochastics were overbought and the MACD was showing negative divergence... it's gotta be heading downwards. Indeed, it did head lower but only 10 points so before it headed higher and hit my stop. I was very paid for this traded and let it ride hoping that the resistance level around 12830 would contain it.. unfortunately, it didn't and I got stopped out for -14. As it broke above t

May 13, 2008 No Comments Full Story