Posts Tagged trading psychology
Today, I'm sad to say that I didn't listen to my instinct when it came to trading. I was being too clever and thinking about what the market was doing.
Look at the chart below. The market had hit the pivot point the first time and retraced. It then moved upwards and this was the time where I got back home and look at the market... it had retraced off the pivot and some strong movement up again towards it. I was a littl reluctant to put on the long as the pivot point was so close again when I
July 20, 2010
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Today was another losing day which was extremely frustrating.. the short trade triggered first and then went straight up to hit the stop and then the buy trigger which immediately reversed to hit my stop... the total loss was 80 pips. If you look at the chart, however, you can see that I lost out just by a few pips. The trade today should have been the short which fell nicely a good 100+ pips.
The trading system has suddenly taken a turn for the worst and I'm considering what to do about it.
June 8, 2010
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The graph today looks like a simple and straightforward set up... the upper barrier is 15288 and the lower band 15236. The market broke towards the downside and one would have claimed some nice and easy profit.. this is the trading system that I should be trading... however, I lost today!!
The biggest problem here was that I did not follow my trading system... to be a good trader, one needs to be disciplined and follow his or her system... I'd been talking about this and yet, I didn't follo
April 28, 2010
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