Archive for May, 2009
Unfortunately, my winning streak was broken the other day (18th May) when I sold the EURJPY at 13016 and got stopped at 13050 for -34 pips. The market had been trending upwards and I thought that the momentum was running out of steam and hence the short.. the market briefly dipped and I felt this was my cue to enter.. however, it turned out to be a fake sell pattern and the price promptly went upwards to hit my stop.
The lesson here is to be careful when trading against the trend. I find
May 21, 2009
No Comments Full Story
This is becoming unbelievable.. I traded both the S&P and GBPJPY today and both were winners.. this makes my total to 11 winning trades in a row. Considering the spreadbet company takes a spread either side of this trade, I'm doing remarkably well. I don't feel as though I've become a super trader but I do accept the maximum loss that I expect per trade. I put on the trade, set the stop loss and mentally accept the maximum loss. This makes me feel less nervous should it go against me.. I kno
May 14, 2009
No Comments Full Story
If you've been following the news about Rajesh Gill (or read my blog post about him the other day) and how he was awarded £20 million from his broker MF Global.. the thing that struck me was how he was able to turn £7,000 into £7 million in two years!
I kept on thinking about this since my last post.. the rate of return seems impossible but yet, he was able to achieve it. For most traders, or learning traders, we are taught that in order to be a successful trader, we need to think abou
May 9, 2009
No Comments Full Story
« Older Entries
Newer Entries »
