Posts Tagged short

Yes, the Dow was a good shorting opportunity…

Yes, the Dow was a good shorting opportunity...

The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points. The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out..  I think it's much more difficult than entering. The other day, I gave up over 1

August 22, 2008 No Comments Full Story

Daytrading frustration… when to stop?

Daytrading frustration... when to stop?

Today was another disastrous day trading.. I have been trading on/off for over a year on this blog and I still am miles away from being successful. My stint with the trading academy showed signs of success before they terminated my contract (illegally... it's going through solicitors currently) and recent courses have proved to be fruitful. I know trading takes a long time to learn and although this blog has been running for over a year, I have actually been trying to trade for much longer t

August 12, 2008 No Comments Full Story

Caution in the markets

Caution in the markets

I have been rather cautious with my trading as the markets seem extremely volatile whipsawing as uncertainty seems to take grip. As a result, I have been extremely selective in my trading and hence the rather less frequent updates on the website. However, on Friday, I did make a trade on the AUD/USD forex chart. I traded this as I saw negative divergence on in the 4 hour chart on the stochastics as the market had hit a second high at around 0.9630. The stochastics also crossed and my trend si

July 7, 2008 No Comments Full Story

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