Posts Tagged trading psychology
If you've been following the news about Rajesh Gill (or read my blog post about him the other day) and how he was awarded £20 million from his broker MF Global.. the thing that struck me was how he was able to turn £7,000 into £7 million in two years!
I kept on thinking about this since my last post.. the rate of return seems impossible but yet, he was able to achieve it. For most traders, or learning traders, we are taught that in order to be a successful trader, we need to think abou
May 9, 2009
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My trading of late hasn't been particularly good.. I know I haven't updated the blog with these trades but in total, I had traded 6 times with a total loss of around 500 pips! Ouch!
Anyway, last night, I sat and spent a lot of time thinking... where did I go wrong? What happened to the success I was having?
I think the key to being successful is to be adaptable... the trading rules change when the markets change.. you need to have a trading strategy for trending markets and ranging marke
February 27, 2009
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I really seem to be getting the hang of trading the forex markets lately and my account is at all time highs... long may it be like this. I don't really know if it's me who has improved or simply that the markets are favouring my style of trading... anyway, I am happy with how things are working out except for the fact that although I enter quite well, I seems to be taking profits far too early still... here are my trades for today...
I went long the USDCAD forex pair at 12515 and close
December 2, 2008
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