Posts Tagged Trading
I have my day off today and I wanted to watch the markets and not be desperate to trade. A problem is that when I come home from work and find that the markets have moved a lot with a lot of profit left on the table, I feel that I missed a fantastic opportunity and feel that I need to do something to get some of the profits.. as a result, I fire off trades from my trading platform even though there is no real reason to.. this amounts to losses and then frustration.
However, today, I entered
August 22, 2008
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Last night I saw an opportunity to short the GBPJPY currency pair and I entered at 205.20 with a 200 point target and a 100 point stop order. In the back of my mind, I know that I need to leave these trades running, there have been many occasions where I have closed for 100 to find that the market has moved 500 my way or more! Anyway, I set this trade in motion and went to bed...
I woke up to find that the market had moved and throughout the day, went lower... the lowest was 204.00 which was
August 19, 2008
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Unfortunately my trading goes from bad to worse.. I feel quite demoralised and I am not even looking at the charts properly and analysing before putting on trades. I just turn on the charting platform and put on the trades and lose. In fact, if I did the complete opposite to what I am currently doing I probably could do well!!! Right now, when I buy, the markets go down, when I sell, they go up! It seems that the markets know exactly what I want to do and just to the opposite to cause as much pa
August 13, 2008
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