Archive for May, 2008

Trading progress, trading psychology and a trading setup library!

Most traders have a few or just one trading setup which they execute over and over again. A trading setup is when there is a predefined condition on the traded instrument which signifies and entry and exit. The most successful traders are those that know their trading setup has a positive expectation overall and are disciplined enough to run the same trade over and over again when the conditions are right. I have read a lot of trading books and I think the key to becoming a trader is firstly

May 24, 2008 1 Comment Full Story

Keeping track of your trading progress – Tradelogger

I just found a free program which allows you to keep a trading journal for free. I've been looking for something like this and it looks great. However, I have just tried to import a spreadsheet of some of my earlier trades on a trading account and it failed... but then again, I didn't read the instructions all that carefully. For those who mind find this useful, visit here http://www.tradelogger.net/

May 21, 2008 No Comments Full Story

Emotional DOW trading hindrance! Back to the S&P?

Emotional DOW trading hindrance! Back to the S&P?

Today was a bad day for me to trade.. I didn't feel right, I felt a bit fed up with the whole trading thing. I see periods when I am doing ok and periods when I am doing lousy and altogether, I am not sure if I am making progress or wildly stabbing in the dark. Anyway, back to the DOW today. I went long at 12754 and got stopped at 12736 for a loss of -36. Once again, I went long at the top of the pullback.... Then I read the comment from Stephen McCreedy (thanks for the comments in a

May 21, 2008 No Comments Full Story

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