Archive for November, 2011
I was out all day today and don't like to trade the financial markets if I don't have my charts in front of me. However, I do like to look at Betfair when I'm on the road using my iPhone. There's a wonderful app called iBetMate which you can find here: http://www.ibetmate.co.uk/
Anyway, I was thinking about what would be good to bet on and below is how I did. Four bets and four wins. Each bet stake was £10 so in total £40 on the table but I made almost a 50% return on my money. The system I
November 30, 2011
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The one thing that is certain in financial trading is LOSS. There are no way that you can avoid this and you have to learn to work with losses with your trading.
Newbie traders move from system to system looking for the 'Holy Grail', that's the trading system that yields no loss and unfortunately, that's not possible.
What you need to do is to find and work with a system where the wins completely outweigh the losses. That doesn't mean that you physically need to have more winning trade
November 29, 2011
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I went for a scalp trade today, going long Crude Oil when it went back up the pivot line. I got a price of 98.60 which wasn't a bad entry. I thought that the first resistance would be around 99.00 due to it being a round number and also, just previously you can see how it affected the price.
I got out at 99.97 taking 37 points and felt rather proud of myself as it started to retrace. However, it hit the pivot line again and bounced upwards. It actually hit 100.00 which would have been anoth
November 29, 2011
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