Posts Tagged day trading

Worlds Worst Trader is back!!!

Worlds Worst Trader is back!!!

Unfortunately, I think I must be the owner of this title...  I traded again today but all the lessons which I've learnt in the past seem to have been forgotten! I did end up with a small profit today but it was just luck. Firstly, I bought when the market was going down... the whole trend was down and I went and bought which wasn't clever... I ended up -19 points on this trade. I had no reason to buy... what on earth am I doing? I really felt stupid with this trade, it's obvious from the

August 11, 2008 No Comments Full Story

Nothing much on the Dow Jones – made a scratch trade however

Nothing much on the Dow Jones - made a scratch trade however

I shorted the market at 11502 and for a while it was doing ok, it went down and was 15 points up at one stage. Judging by how much I dislike this trading instrument (I really need to ween myself off it) I was keen to move the stop to breakeven as soon as I could as the market moved my direction. Anyway, the Dow being the Dow took out my stop which was 11502 for a scratch trade! I think the market is heading lower though... [caption id="attachment_556" align="alignnone" width="330" caption=

July 22, 2008 No Comments Full Story

Trading progress, trading psychology and a trading setup library!

Most traders have a few or just one trading setup which they execute over and over again. A trading setup is when there is a predefined condition on the traded instrument which signifies and entry and exit. The most successful traders are those that know their trading setup has a positive expectation overall and are disciplined enough to run the same trade over and over again when the conditions are right. I have read a lot of trading books and I think the key to becoming a trader is firstly

May 24, 2008 1 Comment Full Story

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