Posts Tagged trading psychology
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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I shorted at 135425 today as the stochastics in the 5 min chart was heading lower. Also the 15 min chart stochastics chart was in overbought territory and I thought it was going to be heading lower.
I was about 8 prices up at one stage but then the market went up and hovered around the previous highs of about 135850 or so before the stochastics finally turned in both 5 and 15 mins and tanked. I wished I had sold again then but after the initial loss, I thought I'd leave it for the remainder o
March 26, 2008
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