Posts Tagged trading academy

Triple top??? – NOT!!

Triple top??? - NOT!!

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!!

April 16, 2008 No Comments Full Story

Trading academy news and trading psychology

Trading academy news and trading psychology

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

April 14, 2008 1 Comment Full Story

S&P trading – need to see the trendlines!

S&P trading - need to see the trendlines!

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

April 11, 2008 No Comments Full Story

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