Archive for the Trading Category
I shorted the DOW when it broke the trendline at 9740 or so.. however, it wasn't the perfect entry as the market bounced from this area of support to go north... I had a stop at 9780 which was the previous high but nonetheless, my short wasn't ideal as short trades should be entered on a long countertrend.
I had to watch the market go against me 30 points or so before it tanked.. it went past my entry point and I took profits at the round number 9700 for 40 points which wasn't bad. However, t
September 30, 2009
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People sometimes ask me what books have helped with my trading. I have actually read many many books and some of them, you need to read a couple of times as they make more sense as your knowledge builds up. Anyway, some of the ones which have really helped me are:
Market Wizards by Jack Schwagner - profiles a series of traders, it's like looking over their shoulders over these great masters
Adventures of a Currency Trader by Rob Booker - a story about a trader, it's fictional but there a
August 25, 2009
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Yes, I'm afraid that I haven't updated the blog in a while. I took 2 weeks off to get married and to be honest, I've somewhat lost some of the motivation to update the blog. It's not that I've got sick and tired of trading.. in fact, quite the opposite! I feel that there has been some step change in my trading ability... I've been able to focus and have been rather disciplined with trading. As a result, my account has more than doubled through trading profits over the past few weeks and this wee
August 21, 2009
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