Posts Tagged trading discipline
Yesterday I ended up with a small loss.. I was a bit worried, it could mean that my winning streak on the simulator was at an end... however, there were other problems today... the trading platform just wasn't interested in letting me in.
I ended up putting on some trades on my spreadbetting account to good effect and essentially making some real cash! Hoorah!
I shorted twice as per enclosed chart. The first short was a move just below 134000... I took it to 133625 for 14 or so prices equ
January 25, 2008
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First trade was a short at 134500 when the market bounced up from a fall and hit the 5 day MA line and stochastics were looking to cross towards the downside. Unfortunately I was wrong and got stopped out.
Second trade was another short at 134725 at the market hit the previous swing high level… I was proved wrong again.
By this stage, I was nursing a -14 loss!! Ouch!
Hmm.. then I saw an opportunity to short again when the market hit the top of the channel and I put on my trade.. luc
January 24, 2008
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I pulled a good trade today, went long at 128250 as the market pulled back to hit the 5 day MA on the 5 min charts. The MACD and Stochastic in both the 5 and 15 mins were all pointing the right way which made me more confident.
I targetted 128975 but when it hovered around 128900, I manually closed out at 128875 for 25 prices!!
However, this was all on the simulator (I went back to it yesterday after losses).. Now, this is very odd.. I do very well on simulator and lose on the live account
January 23, 2008
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