Posts Tagged makemesomemoney
I haven't heard anything from my trading academy despite me leaving numerous messages with them to call me. I have a deadline of the end of this month to bring my account to the black.
Anyway, I started my trading with a loss, -5 when I shorted at 140225 with a stop at 140400. As the market moved down, I moved my stop down to the previous swing high (bad mistake) and I got stopped out for -5. If I hadn't been stopped out, I would have been ok.
Anyway, I entered again when the market went t
April 28, 2008
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Every Sunday, I get a copy of the Sunday Times. The first section I read through is the business section and today, there was an article about supertrader, Greg Coffey of GLG.
The big news is that Greg, who earned £150 million last year from his company has quit and looking to start his own firm. Surely, that sort of cash is enough for any man?
Anyway, I don't think it was about how much cash he got but the proportion he got. He brought in 60% of his firms revenues yet his bosses t
April 27, 2008
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Today I thought to myself that if I could ride the peaks and troughs of the market, I could capture more of the profits. I am finding that I tend to chicken out at about +10 prices or so.... if I am to capture more profit, I'll need to ride through a couple of peaks and troughs. Stock prices and any type of financial chart never moves up in a straight line.. it dips and peaks as it goes up and down.
Anyway, as you can see, the first trade was a short when the market approached making a triple
April 24, 2008
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