Posts Tagged tca futures
Today I came into the market nervous. I had emailed my trading mentor to discuss my trading and my recent losses. He said that in usual cases, it's a case of 3 losses and then you get relegated/demoted/beaten up or whatever you want to call it. I've already had 3 losing days and he gave me an extra lifeline.. I had to make it today else all the above, which, of course, put on the extra pressure.
Anyway, from the chart you can see another set of arrows.. these blue arrows are the trades whichÂ
January 17, 2008
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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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