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Some Trading Psychology thoughts from last week

Some Trading Psychology thoughts from last week

Last week we made two trades. The first one we took 120 points on the Crude Oil long and the second trade Long Silver. Because of the profits from the Crude Oil trade, I felt comfortable giving the silver trade more room for a chance of a greater move. Unfortunately, the trade ended up as a scratch trade (even though it was in profit at one stage). I found that by having a profit already in the bag, it gives you the buffer to be able to give following trades a bit more room. Even  a smal

March 20, 2013 No Comments Full Story

How much tax is paid on casino winnings?

Casinos are a great place to go in order to enjoy yourself, whether you are a casino games novice or a seasoned veteran there will always be something to enjoy. For people on their first trip to a casino it can sometimes be a little overwhelming how much there really is to do, as there are bars and restaurants as well as other attractions to see and do. Having been to a casino some people then understand how exciting a life being a professional gambler would be, winning vast sums of money in Jac

March 11, 2013 No Comments Full Story

Long Silver – price at bottom of trend channel

Long Silver - price at bottom of trend channel

  I'm showing the Weekly silver chart. Usually I look at the Daily charts but it's more clear on the Weekly charts this formation. The price action is actually bearish (so that's the big negative about this trade).. the trend channel is going down but I am expecting a move up to at least 3000. From here, I may take some profit as I'm expecting a move down once it reaches the either the top of the trend channel or before it. Remember, in trading, nothing is certain so we have to contr

March 11, 2013 No Comments Full Story

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