Posts Tagged trading mistakes
I figured that there is no point in grabbing small profits and also no point in getting out of a trade unless conditions change... I read that somewhere from a top trader in a book.
Anyway, I think my short was not a bad entry at 139325. The 1 min stochastics had eased off and the 5 min stochastics was indicating a sell. The 15 minute stochastics looked like it was turning. The market did start to move south and hit a low of about 139175 before moving upwards and gradually taking out my stop
April 29, 2008
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I haven't heard anything from my trading academy despite me leaving numerous messages with them to call me. I have a deadline of the end of this month to bring my account to the black.
Anyway, I started my trading with a loss, -5 when I shorted at 140225 with a stop at 140400. As the market moved down, I moved my stop down to the previous swing high (bad mistake) and I got stopped out for -5. If I hadn't been stopped out, I would have been ok.
Anyway, I entered again when the market went t
April 28, 2008
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Today I thought to myself that if I could ride the peaks and troughs of the market, I could capture more of the profits. I am finding that I tend to chicken out at about +10 prices or so.... if I am to capture more profit, I'll need to ride through a couple of peaks and troughs. Stock prices and any type of financial chart never moves up in a straight line.. it dips and peaks as it goes up and down.
Anyway, as you can see, the first trade was a short when the market approached making a triple
April 24, 2008
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