Posts Tagged daytrading
When I got back home, the market was slowly dying a death.. the market was heading lower and lower. The stochastics charts were flatlined at the lower end and not moving much at all in both the 5 and 15 minute charts.
I went short and tried to hold it as long as I could from 132275.. it managed to get as low as 132050 before it headed higher and hit my stop for -3 (it would have been lower but I learnt my lesson from yesterday and that's to move the stop down as the price moves beyond each le
March 28, 2008
No Comments Full Story
The subject of this trading is a very well known trading adage and for those who trade, I'm sure you've seen it many times before. However, how many people can actually do this?
We are programmed to lose by nature with the stock market.. peoples' emotions mean that they tend to hold onto their losers in the hope that they can recover any losses but the winning trades are those that we cut short once their in profit (simply as it feels nice to be in profit). In the short term, you will lose th
March 27, 2008
No Comments Full Story
Today I came home exhausted and tired.... I didn't feel like I wanted to trade but I felt also a bit frustrated that I am still yet to return a profit.
Although I am on the live account, I have yet to clear a profit as I've lost almost 50% of the cash in my account!! I have to clear this before I start getting paid. On top of all this, I am paying back the trading academy every month... all this added pressure.
The market feels no sympathy of course and I should know better. The trades I t
March 26, 2008
No Comments Full Story
« Older Entries
Newer Entries »
