Archive for January 28th, 2008

Trading psychology is the key – S&P emini trading blog

Trading psychology is the key - S&P emini trading blog

I'm still on the simulator, I had emailed my trading mentor earlier to ask if I should go back to the live account since I had a good week last week. He told me to give it a few more days and see how I get on. I am glad that he did as I traded and traded and ended up with a substantial loss. It would have battered my self esteem if I had lost on the live account. Still, I rather lose fake money than real money but it's still not a good show. I guess, I'm still annoyed about the morning FTS

January 28, 2008 No Comments Full Story

The problem with tight stops and spreadbetting – FTSE shorting

I put on a FTSE short this morning on my spreadbetting platform at 5780 with a stop at 5820.. it started off a bit dodgy and then hit my stop by 0.5 points before falling (5820.5)!!! Arrrgh! This is really annoying and I ended up nursing a 40 point loss. The price is currently 5745 which would have been a nice profit at this stage!! I should have put the stop a bit higher, I was thinking of it as it had previously bounced at this level. With spreadbetting companies, they move their spreads

January 28, 2008 No Comments Full Story