This is becoming unbelievable.. I traded both the S&P and GBPJPY today and both were winners.. this makes my total to 11 winning trades in a row. Considering the spreadbet company takes a spread either side of this trade, I’m doing remarkably well. I don’t feel as though I’ve become a super trader but I do accept the maximum loss that I expect per trade. I put on the trade, set the stop loss and mentally accept the maximum loss. This makes me feel less nervous should it go against me.. I know I can’t lose more than where the stop loss is and if I win, then that’s a bonus. I think this has really helped my trading psychology and allowed me to stay focused and not stress on the task at hand.

I also managed to get out at the top with both S&P and GBPJPY trades which feels great. With the S&P, I got in at 895.63 and got out at 897.43.. just under 2 points here but the stakes are 10x larger than usual with S&P trading, this made the equivalent of 18 points.

With the GBPJPY, I entered at 14551 and exited at 14602 for a healthy 51 pips!

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I had a couple of decent entries today which was a short of the AUD/JPY at 5889 and a subsequent close at 5843 where I thought it may bounce as it was a short term support line.. it was a nice 45 points but then the market fell further to almost 5722 meaning that I missed out on over 120 points!

I also shorted the GBPJPY forex pair at 14127 and got out at 14065 for +62 but once again, the market continued to fall reaching 13900 which meant an opportunistic loss of 165 pips!!

So annoying when this happens!!

Tags: audjpy, currency trading, day trade, foreign exchange trading, forex, Forex trading, gbpjpy, spreadbet, Spreadbetting, trading blog, trading profits

Following on from my earlier FTSE trade of today, I also spotted a perfect entry for the Dow Jones today.. it’s a shame that I didn’t trade it as it would have been extremely profitable.. it’s nice when the markets hit a perfect resistance line and short.. however, these perfect hits are rare and look great if you have executed them in the right manner.. however, more often than not, if you saw this movement, the markets wouldn’t behave.

However, I did short the Dow for a quick scalp trade when it broke the support level at around 11112. I got in at 11099 and got out quickly at 11084… I feel very anxious generally trading the Dow Jones as it tends to be rather volatile and I usually lose more money than make it with this one. However, as I write, the market has gone lower to 11040 so I missed out on almost +50. I generally do not like to trade the Dow due to it’s rather unpredictable nature so +16 is not bad.

Tags: day trade, day trading, daytrade, dow, dow jones, scalping, shorting, shorting the dow, Spreadbetting, trading profits