Archive for the Trading Category
There are many times in a traders career where he or she will get to a point where they realise that they are using all sorts of complex and elaborate systems to get in and out of trades only to find that nothing is working or that it takes too much time and effort to do all the analysis. Having too much knowledge and expertise is not necessarily a good thing in trading, one can get something called 'analysis paralysis' where you just confuse yourself with all the knowledge you have and end up d
November 7, 2011
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Today was one of those days where I had a fabulous trade but didn't stick to the plan. I had looked at the market and had put in an order to sell with a stop and a limit order and then that should have been it, I should have left it.
Here's what happened..
This was the DOW and I saw weakness in the market and had set an order to sell at 12120 which was a break below short term support. I had a target at 11940 which would have been a 180 target. However, I couldn't help myself
October 31, 2011
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This is the fascinating 1987 documentary called Trader which features the legendary trader Paul Tudor Jones. I have been looking for this video for a while so when a friend of mine sent it into my inbox, I watched it straight away. I heard that Paul Tudor Jones himself was doing what he could to remove this video as it revealed a bit too much of his method so I don't know how long this video will be around but for now, enjoy it whilst you can.
http://vimeo.com/9881971
October 31, 2011
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