I shorted here at 135900 thinking we had got a triple top.. in fact, the market shot away and blasted into space. I was gutted and took a 14 price hit. I still haven't heard from the trading academy which I take to be bad news.. however, I'll give them a chance to respond to me before I go onto a rant.. this maybe later on in the week so watch this space!!
I didn't tell you guys but last week I received a letter from my trading academy to say that I was 9 months into my trading program and that I had the end of this month to restore my account back to above negative. I had racked up almost $4000 in losses for them on the live trading account and it's only in the last 3 weeks or so that I'm starting to understand the mechanics of how trading works. I really feel that I can make it work but with only 2 weeks to go until the end of the month, it's ve
Today wasn't a good day.. I'd been doing rather well recently and today, I let myself down. It was an obvious mistake in hindsight but the markets aren't very forgiving.. you make a mistake and you get taken to the cleaners. As you can see I went long at the two positions as shown. The stochastics were turning and I thought this would be a good entry. The market did move my direction for a little while and then hit resistance. The orange resistance line was something that I didn't see when I
