Posts Tagged discipline
Ok, I eagerly got home today and throughout the journey back from work, I said in my mind that I wouldn't let myself get too 'excited' going live again. As per an earlier post of mine, it's easy to make a psychological shift in your thinking when you are aware that you are trading real money.. and when this happens your trading changes and then you lose.
I was doing well before the end of 2007 on my simulator account which then earned my calling! I was set up on my live account to trade for t
January 14, 2008
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I got home a tad later than usual today, delays on the Tube system. I lost 30 mins of valuable trading time but when I got back, I was glad to see that I had not missed anything in the 30 mins.
Anyway, just after 7pm GMT, the market was starting to retrace from the short term high at 143250 and I was initially thinking of an entry to go long as it hit the 5 day MA and also the 50% Fibonacci line.
However, at the same time, the MACD and stochs in the 5 mins were looking overbought and looki
January 8, 2008
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I was anticipating my first entry at around 19:00 GMT when the market was bouncing up. I was hoping for an entry at around 142500 (or just below) as this was the 5 day MA. I was a bit cautious and wanted to wait for this level as the stochastics were already in the oversold region. However, the bounce only made it to 142400 before dropping and therefore no entry this time.The 15 min chart is showing a short for both MACD and stochastics.
I will see if there is another chance for entry… th
January 7, 2008
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