Archive for the money Category
I figured that there is no point in grabbing small profits and also no point in getting out of a trade unless conditions change... I read that somewhere from a top trader in a book.
Anyway, I think my short was not a bad entry at 139325. The 1 min stochastics had eased off and the 5 min stochastics was indicating a sell. The 15 minute stochastics looked like it was turning. The market did start to move south and hit a low of about 139175 before moving upwards and gradually taking out my stop
April 29, 2008
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I haven't heard anything from my trading academy despite me leaving numerous messages with them to call me. I have a deadline of the end of this month to bring my account to the black.
Anyway, I started my trading with a loss, -5 when I shorted at 140225 with a stop at 140400. As the market moved down, I moved my stop down to the previous swing high (bad mistake) and I got stopped out for -5. If I hadn't been stopped out, I would have been ok.
Anyway, I entered again when the market went t
April 28, 2008
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Every Sunday, I get a copy of the Sunday Times. The first section I read through is the business section and today, there was an article about supertrader, Greg Coffey of GLG.
The big news is that Greg, who earned £150 million last year from his company has quit and looking to start his own firm. Surely, that sort of cash is enough for any man?
Anyway, I don't think it was about how much cash he got but the proportion he got. He brought in 60% of his firms revenues yet his bosses t
April 27, 2008
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