Posts Tagged Trading
The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700.
The below shows my entry...
What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh!
So I ended up taking a 60 point loss when it could have been a lovely 150 point winner!
That's the frustration with the mark
November 9, 2011
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Today was one of those days where I had a fabulous trade but didn't stick to the plan. I had looked at the market and had put in an order to sell with a stop and a limit order and then that should have been it, I should have left it.
Here's what happened..
This was the DOW and I saw weakness in the market and had set an order to sell at 12120 which was a break below short term support. I had a target at 11940 which would have been a 180 target. However, I couldn't help myself
October 31, 2011
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What I mean by this is people who give you a tip to buy or sell something. It may work out (afterall, there's a 50% chance it will go up or down so there's half a chance you may make money) but in the long term you will lose money!
Why do I say this? I say this because as a trader or investor you need to be responsible for your own trading decisions. Should you lose, it's too easy to blame someone else for the loss. Psychologically, you've given yourself a way out and not taken responsibili
October 28, 2011
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