Posts Tagged Trading
Every trader has heard of the trading adage "Hold onto your winners and cut your losers"... in practice, this is actually quite difficult to do as people have a habit of closing their winning trades early to secure their profit but have a habit of holding onto their losing trades in the hope that they may cover. This behaviour is universal for all investors or traders to the stock market and is known as the Disposition Effect.
I recently learnt of the Disposition Effect through attending
May 19, 2012
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People ask me if it's possible to trade with a full time job and the answer is YES, absolutely! In fact, for people starting out trading, this is ideal. One should never give up their full time job for trading as it just adds added pressure if you're relying on trading to pay your bills. I personally think that you only have a chance in making it as a trader if you are able to trade initially with money which 'means nothing'. When I say 'means nothing' I mean, this money you're not reliant o
May 11, 2012
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So after contemplating whether to put on the trade last night, I entered at 9652. The market has moved higher but not with any particular strength as yet. I'm currently around 70 points up at this stage but am looking for a 200 point gain with this trade with my target at 9852. Another target could be also just below 10000.. I've got to see how price action goes for now...
The highest for the day was 9769 which would have been a 117 point gain if one managed to take profit at this level....
May 10, 2012
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