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I missed a lot of the action yesterday but back to it again today. I got home as normal and watched the market make a double top at 136675. I entered manually as I wasn’t sure if the market will get higher. When I thought it wasn’t going any higher, I hit the button to short. I got in at 136550.

The stochastics in the 5 and 15 mins were both in overbought territory which gave me confidence in the trade. My initial target was 136225 which was just above a previous swing high made at 17:10 GMT. I chickened out however and manually closed at 136300 for a +11 price profit.

The market 5 seconds later went to hit my target!!! Arrrgh!

Anyway, I was dead proud of my profit and didn’t want to lose it.. if I leave it now, it means that I have made it a second successive winning day on the live account..  these are unchartered waters!!

For fear of losing, this paralysed me to make further trades…

When the market bounced off 136100 at around 19:10 and pulled back to 136400.. the stochastics were still signalling a short. I wanted to short at 136300 with a target of 136050, stop loss 136425. The fear of losing was too strong and I didn’t trade this.. it would have been a winning trade and netted another 10 prices.

Anyway, at least I didn’t lose I suppose..  once again the dreaded trading psychology reared it’s ugly head! I guess it’s about confidence.. the more comfortable I feel, the less fear of my own skill as a trader should allow me to pull the trigger.

At the time of writing this, the market made a triple top, retraced and now making new highs for the day.