Posts Tagged psychology
Another losing day... I am starting to get quite frustrated. Relegation back to simulator is very close.
I made two trades, shorted when it went fell through a support level at around 138000 but it shot straight back up to take out my loss.
Then I went short again at 138100... this wasn't particularly good and really had no basis but I got desperate. Anyway, got stopped out again.
Loss of -18.... sigh!!!
January 16, 2008
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Second day and the second time I went live today. I was eager and nervous at the same time.
I phoned my trading mentor just to let him know my thoughts and he seemed ok. The market at about 7pm GMT was ranging and nothing seemed to be happening.
There was a slightly inclined trend channel and when it broke towards the downside, I sold at 139075 expecting the market to fall through the support level. However, it did move around 6 prices my way before reversing and hitting my stop at 139250.
January 15, 2008
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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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