Posts Tagged trading blog
The subject of this trading is a very well known trading adage and for those who trade, I'm sure you've seen it many times before. However, how many people can actually do this?
We are programmed to lose by nature with the stock market.. peoples' emotions mean that they tend to hold onto their losers in the hope that they can recover any losses but the winning trades are those that we cut short once their in profit (simply as it feels nice to be in profit). In the short term, you will lose th
March 27, 2008
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Today I came home exhausted and tired.... I didn't feel like I wanted to trade but I felt also a bit frustrated that I am still yet to return a profit.
Although I am on the live account, I have yet to clear a profit as I've lost almost 50% of the cash in my account!! I have to clear this before I start getting paid. On top of all this, I am paying back the trading academy every month... all this added pressure.
The market feels no sympathy of course and I should know better. The trades I t
March 26, 2008
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I shorted at 135425 today as the stochastics in the 5 min chart was heading lower. Also the 15 min chart stochastics chart was in overbought territory and I thought it was going to be heading lower.
I was about 8 prices up at one stage but then the market went up and hovered around the previous highs of about 135850 or so before the stochastics finally turned in both 5 and 15 mins and tanked. I wished I had sold again then but after the initial loss, I thought I'd leave it for the remainder o
March 26, 2008
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