Posts Tagged trendline

Not a trading inspiration – myself

Not a trading inspiration - myself

I haven't heard anything from my trading academy despite me leaving numerous messages with them to call me. I have a deadline of the end of this month to bring my account to the black. Anyway, I started my trading with a loss, -5 when I shorted at 140225 with a stop at 140400. As the market moved down, I moved my stop down to the previous swing high (bad mistake) and I got stopped out for -5. If I hadn't been stopped out, I would have been ok. Anyway, I entered again when the market went t

April 28, 2008 No Comments Full Story

Riding the peaks and troughs of the S&P but not very well

Riding the peaks and troughs of the S&P but not very well

Today I thought to myself that if I could ride the peaks and troughs of the market, I could capture more of the profits. I am finding that I tend to chicken out at about +10 prices or so.... if I am to capture more profit, I'll need to ride through a couple of peaks and troughs. Stock prices and any type of financial chart never moves up in a straight line.. it dips and peaks as it goes up and down. Anyway, as you can see, the first trade was a short when the market approached making a triple

April 24, 2008 No Comments Full Story

Almost a profitable day!!

Almost a profitable day!!

I traded a few times today.. the first was an easy short as the market fell below the MA line confirmed by stochastics and MACD. The second and third trade, I really should have been a bit more careful. I was expected a move lower but the stochastics were already showing oversold levels.. I should have been cautious here as each oneĀ  was a -10 hit. My last trade was a nice long above the 138600 level as MACD and stochastics moved up. The only thing was that I sold early when it hit the previ

April 21, 2008 No Comments Full Story

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