Posts Tagged trading blog
Second day and the second time I went live today. I was eager and nervous at the same time.
I phoned my trading mentor just to let him know my thoughts and he seemed ok. The market at about 7pm GMT was ranging and nothing seemed to be happening.
There was a slightly inclined trend channel and when it broke towards the downside, I sold at 139075 expecting the market to fall through the support level. However, it did move around 6 prices my way before reversing and hitting my stop at 139250.
January 15, 2008
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Ok, I eagerly got home today and throughout the journey back from work, I said in my mind that I wouldn't let myself get too 'excited' going live again. As per an earlier post of mine, it's easy to make a psychological shift in your thinking when you are aware that you are trading real money.. and when this happens your trading changes and then you lose.
I was doing well before the end of 2007 on my simulator account which then earned my calling! I was set up on my live account to trade for t
January 14, 2008
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Our trading mentor informed us not to trade until his say so after Bernanke said his thing. Bernanke took over from Alan Greenspan and is currently the Chairman of the US Federal Reserve... when he has something to say, the markets can move and when I came home, I saw that the market had shot up and generally looked rather choppy. I wasn't sure I'd be able to find an opportunity today but I did.
I shorted the market as it reached the previous high of the day at around 142900. I got in at 1428
January 10, 2008
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