Posts Tagged trading mistakes
I have not traded since last Tuesday due to birthdays and some evenings with friends. I was doing quite well with my last couple of trading sessions... I'm still on the live account the last few trading days have not been too bad.
I was dead eager to get back in again but being eager could also be a bad thing as you may just get in for the sake of it. The markets are not very forgiving places for you to gamble so you have to be disciplined and have strong trading psychology.
My trading see
April 7, 2008
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When I got back home, the market was slowly dying a death.. the market was heading lower and lower. The stochastics charts were flatlined at the lower end and not moving much at all in both the 5 and 15 minute charts.
I went short and tried to hold it as long as I could from 132275.. it managed to get as low as 132050 before it headed higher and hit my stop for -3 (it would have been lower but I learnt my lesson from yesterday and that's to move the stop down as the price moves beyond each le
March 28, 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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