Archive for the Make Me Some Money Ideas Category
Evening everyone.. today I was at a training course and they finished early which meant I was able to dash back home and got a few extra hours in trading.
The trades are made were not bad, at one stage I was 9 prices up after two trades.
However, perhaps it was to do with trading psychology or just unlucky but my next two trades were breached by 1 price when the reverse and hit the limit I had targetted.
The last trade was breached by two prices before it reversed and hit my limit ord
December 17, 2007
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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
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Well, I had my chat with my trading mentor earlier today and I am set up to trade live. We spoke about positioning and trading 1 contract.
The maximum loss each day is $200 which amounts to 20 prices or so.
Anyway, initially I felt a little nervous, this was real money on the line and I take a 50% cut in any of the profits. I got to make this work and there is the expectation now that I've graduated and trading real company money.
My first trade was a standard one on the break of a pr
December 10, 2007
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