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Evening everyone.. today I was at a training course and they finished early which meant I was able to dash back home and got a few extra hours in trading.
The trades are made were not bad, at one stage I was 9 prices up after two trades.
However, perhaps it was to do with trading psychology or just unlucky but my next two trades were breached by 1 price when the reverse and hit the limit I had targetted.
The last trade was breached by two prices before it reversed and hit my limit ord
December 17, 2007
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The first thing I think about today after my trading session is the phrase 'choose thy weapon'!!! For those reading, you're probably thinking that I lost the plot but bear with me.
Today was another disastrous day but it wasn't my discipline and trading to blame.
Trading is like going to war, you're fighting to claim your piece and it's important that whatever weapon you use (in a war) that you know how to use it and know it's limitations.
When I say weapon, in terms of trading, I am ta
December 13, 2007
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* In hindsight!!
Yes, it's true.. when you look back on charts you think to yourself.. wow, the charts did this and I would have entered here and exited here. It was obvious as the stochastics turned right at my entry and once again when I exited.
However, when trading live and watching the markets bounce around, it isn't as easy as you think to pull it off. The indicators are lagging so they do not form until after the move.
Then you have your trading psychology to deal with and this d
December 13, 2007
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