Posts Tagged psychology
Well, back to it. I place my first trade, a long at 132700 with an initial stop at 132450 and a target of 132975. As it moved up a little, I then moved my stop to 132500.
It promptly hit my stop and then went upwards to hit my target!!
To compound it, I got itchy fingers and went short at 132475 and took a 11 price hit.
So, going back live not looking good.. already reach my 20 price loss limit in a matter of minutes. I really don't know what is wrong with me... in the simulator, I woul
February 8, 2008
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The nice thing about having a blog is that I can put my thoughts in directly after a trading session. As I was having some problems with it over the last couple of days, I wasn't able to remember what my thought process was on the 6th. I enclose the chart on the 6th. I had made a series on trades and ended up abou 20 prices which was great! However, I don't remember the mechanics of why I place the trades.
I was also out last night so didn't trade. My trading mentor is happy for me to go back
February 8, 2008
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When I got back home, the markets had already plummetted.. I wasn't sure if I could pick up anything at this stage. I missed an entry at around 18:20 GMT to short below 135000.. this would have been quite nice.
Anyway, my first entry was a short at 134850.. it started to pull away. I saw this as a possible move lower... the stochastics were approaching overbought level in the 5 mins and 1 mins. However, I was proved wrong and took a 8 price hit.
As the market inched higher, suddenly all
February 5, 2008
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