Posts Tagged trading psychology
The chart shows what happened after I closed. The price action looped ripe for another entry short to ride the market lower but I felt anxious....
I am just not sure what it is but my instinct tells me to be careful... I attribute it to a couple of things, all trading psychology related:
The possibility of losing my 47 pips that I have already made.. it's always nice to finish the week a winner!
The re-entry looks too obvious a trade... a bear trap perhaps?
Maybe I am thinking to
June 12, 2009
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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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