Posts Tagged trading discipline
I came home a little later than usual today, it was a trip to buy the other half something for Valentines day. I got home at about 19:30 GMT.. by this time, I had missed a move at about 19:00 when the market made a double stop near 136000. A short sould have been very nice! As you can see, the stochastics in the 5 min also corresponded to an overbought situation and negative divergence between the price action and the stochastics indicator.
I had an order to go long at 135050 which was the
February 12, 2008
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For those following my blog, you would know that it is my 3rd time going live and I really don't want to go back to the simulator.
As a result, I was extremely cautious in my trading... this can be a good and bad thing.
My first trade was a short at 134000.. I was so eager not to loose that I close the trade early for a net zero amount when it looked like it was going to go wrong on me. However, when I thought that the market was definately going to go down again, I shorted again but thi
February 11, 2008
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I was annoyed with my performance today... my first trade was a good trade i felt but I had felt some fear and moved the stop too close.. it was at an obvious level where stop runners would push it to... 132500... not very clever. My initial stop was at 132450 which didn't get hit and would have yield the profit that I had targetted.
In addition, I also placed a trade to short the Dow Jones at 121650.. this was a perfectly good entry and I would have managed to grab some profit or move my sto
February 8, 2008
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