Posts Tagged trading discipline
Back to it today.. the stock markets around the world tanked yesterday and then the US market was momentarily saved by the Bank Holiday and then the cutting of interest rates by the Federal Reserve.
I had a lifeline today... my TM (trading mentor for those who are not in the loop) seems to like me despite my losing days and left me on the live account.
The market was extremely volatile today, we're seeing 10 or more prices bobbling up and down all over the place which makes things difficul
January 22, 2008
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After my winning day on the live account, I'm down and out again. I had some errands to run for the other half and I came back today to see that the market had moved substantially already. I felt a bit annoyed that I had missed all this.
I sold on a pullback to find that the move was more than a pullback and stop me out. Then I went long thinking that the market would go higher... well, it still looks like it wants to go higher but it stop me out before doing so. I've hit the limit for the da
January 18, 2008
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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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