Archive for March 26th, 2008

Trading takes a stumble today

Trading takes a stumble today

Today I came home exhausted and tired.... I didn't feel like I wanted to trade but I felt also a bit frustrated that I am still yet to return a profit. Although I am on the live account, I have yet to clear a profit as I've lost almost 50% of the cash in my account!! I have to clear this before I start getting paid. On top of all this, I am paying back the trading academy every month... all this added pressure. The market feels no sympathy of course and I should know better. The trades I t

March 26, 2008 No Comments Full Story

Entered my short a bit too early!

Entered my short a bit too early!

I shorted at 135425 today as the stochastics in the 5 min chart was heading lower. Also the 15 min chart stochastics chart was in overbought territory and I thought it was going to be heading lower. I was about 8 prices up at one stage but then the market went up and hovered around the previous highs of about 135850 or so before the stochastics finally turned in both 5 and 15 mins and tanked. I wished I had sold again then but after the initial loss, I thought I'd leave it for the remainder o

March 26, 2008 No Comments Full Story