…the knowledge that things can’t really get any worse for you, can they? If this statement were actually true, there’d be a heck of a lot more people like you and me trading for a living. The reality for a trader seems to be that no matter how bad things are; they can always get worse.
Lee
Painful and Demanding Practice Will Make Me a Great Trader
Wow, what can I say, after redefining my trading strategy at the end of August and making solemn promises to myself to stick to it, I’ve managed to ignore everything I promised myself I’d do and almost blow up my £500 account. Painful? Check.
When to Close Trades for Profit
Have you ever found yourself second guessing when you should close your positions? I had this very same dilemma today with a position I opened yesterday and although I fretted like a girl about it in the beginning, I’ve found a good strategy to help me choose when to close.
When Should You Short Ocado to Make £100 Profit
Here’s my explanation of when and why you should short Ocado if you want to make £100 profit. At least, it’s what I’m going to do make £100 profit on Ocado….
Market Mind Games
Opened Positions
Spread Bet Longs:
- Brent Crude 11036
After my success yesterday, I wanted to see if I could apply the tools/systems I used to other markets. I want a fast moving market that offers the potential of quick gains. I decided to try brent crude. I can see a trend that clearly looks like its rising so I feel I’ll just go in here and hope to ride the trend.- £2 @ 11036
- STOP LOSS: 11021
- SPOT GOLD 1616.02
Went long here on the back of a tip from a market analaysis tool which suggested outlooks were bullish and on target to hit 1625. This later proved to be very foolish. Yesterday’s trades were good, based on a very simple tramline system which I felt made sense to me. In that tramline, I felt 1615 was a good time to get out of the market and yesterday, it proved to be true. Today, I read some analysis, went against my instinct and made a big punt on someone else’s advice.- £25 @ 1616.02
- STOP LOSS: 1611
It Only Took 25 Days of Trading To End My Career
After my recent losses, I knew I had to change my trading habits.
I was clearly trading way too much – 21 times in a single day?
And obviouly not making enough money.
For the rest of march, I made much more calculated and planned entries into the market and set myself the goal of making no more than one trade per day.