Archive for the Make Me Some Money Ideas Category
I haven't heard anything from my trading academy despite me leaving numerous messages with them to call me. I have a deadline of the end of this month to bring my account to the black.
Anyway, I started my trading with a loss, -5 when I shorted at 140225 with a stop at 140400. As the market moved down, I moved my stop down to the previous swing high (bad mistake) and I got stopped out for -5. If I hadn't been stopped out, I would have been ok.
Anyway, I entered again when the market went t
April 28, 2008
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Every Sunday, I get a copy of the Sunday Times. The first section I read through is the business section and today, there was an article about supertrader, Greg Coffey of GLG.
The big news is that Greg, who earned £150 million last year from his company has quit and looking to start his own firm. Surely, that sort of cash is enough for any man?
Anyway, I don't think it was about how much cash he got but the proportion he got. He brought in 60% of his firms revenues yet his bosses t
April 27, 2008
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I traded a few times today.. the first was an easy short as the market fell below the MA line confirmed by stochastics and MACD. The second and third trade, I really should have been a bit more careful. I was expected a move lower but the stochastics were already showing oversold levels.. I should have been cautious here as each one was a -10 hit.
My last trade was a nice long above the 138600 level as MACD and stochastics moved up. The only thing was that I sold early when it hit the previ
April 21, 2008
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