Posts Tagged trading psychology
I have been trading.. or should I say, trying to trade for a long time now. My first interest was over 10 years ago in the Dot Com boom and bust... when it was going up, you could just put money in an IPO and watch it shoot to the moon. I was one of those who watched this happen and when others were making money, I thought I would get in myself and see if I could do the same. I didn't make much money but ever since, I have been intrigued and watched the markets ever since.
Fast forward to
October 15, 2008
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Today was another disastrous day trading.. I have been trading on/off for over a year on this blog and I still am miles away from being successful. My stint with the trading academy showed signs of success before they terminated my contract (illegally... it's going through solicitors currently) and recent courses have proved to be fruitful.
I know trading takes a long time to learn and although this blog has been running for over a year, I have actually been trying to trade for much longer t
August 12, 2008
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I entered this trade after seeing downtrend pattern in the 5 min charts looking to turn. The stochastics were also oversold and looking to head upwards.
In the 1 minute chart, the 20 minute moving average line (which was functioning as resistance) became support and I traded off a bounce and got in at 11244. The market soon shot up and bounced off 11300 and I closed out at 11286 for +42.
The market has since reached 11360 which is another 74 points which I missed out on!
I bagged my pro
July 8, 2008
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