That’s how I’m feeling at the moment! It’s funny how the joy of winning doesn’t compare with the feeling of depression and despair of losing.

I did ok yesterday and today, I lost but I feel much worse today than the joy I experienced yesterday. In fact, I expect to at least be up every day so unless I make a lot of gains, I don’t feel any joy or pleasure in my trading winnings. For those that follow my blog, you’ll notice that I can’t seem to ride those winners well so there is hardly ever any joy in my trading.

There was a time when I put in a trade and I completely forgot about it.. I think it was a Forex trade and after a few days, I logged in to be shocked to find that I had left a trade open and it was 800 points up!! That was my biggest ever win trading the markets and needless to say, it was a mistake! There was absolutely no skill in it and my mistake had boosted my account.

Anyway, here are my trades of today.

I bought right at the wrong point, got in at 12823… the market immediately went the opposite direction and I got stopped out at 12805 for -18.

The next trade was a short at 12795 and I got out at 12790 for +5.

Another long at 12796 and got out at 12810 for +14.. I chickened out here as the market moved another 10 points my way.

Then a series of disasters… a short right at the bottom at 12801 and then another short at the next bottom at 12822 for a total (for these two trades of -37)

Total for the day is -38. In the scheme of things, not much of a loss but just annoying that in the 5 trades I placed, 3 were bang on the top or bottom (except I went the other way) and one was incredibly close to shorting at the bottom. My one decent entry, I close far too early.

Perhaps I should do the opposite.. I would have done rather well!

Tags: daytrade, daytrading, dow, emini, futures, investing, live account, makemesomemoney, s&p, Spreadbetting, standard and poor, technical analysis, Trading, trading academy, trading blog, trading mistakes, trading psychology, trendline

Hi all,

I only got this today so I apologise if it is too late for you..  there is a free commodity trading seminar tomorrow for those in Swindon, UK at the Swindon Hilton hotel at 6.45pm. What’s interesting is that the trader is Lee Sandford, an ex Premiership football player!

I think education is important if you plan to be a successful trader, a good trader always learns and keeps learning.. and if there are some free seminars then great. I guess they may try and sell you something but still, if you’re in the area and trading is something which you want to get into.. I recommend it.. there will be some useful things I’m sure.. even if it’s to generate some ideas.

For more info, visit http://www.clickevents.co.uk/commodity-trading.htm

Tags: alan rich, commodities, commodity trading, daytrading, free, freebies, gold trading, lee sandford, lee sandford trader, makemesomemoney, momentum trading, Spreadbetting, Trading, wheat trading