Archive for May, 2009
The 1st 2 trades were disasters. On the 3rd trade, it went up to a previous resistance which I’ve drawn on the intraday chart but not saved, it was so spot on that it reversed my long position immediately. The next thing I know, it came back down to S1 and I traded that short [...]
Serious.
I have been very busy with work these few days and neglected my trading for a while now. I went back to trading TF and found that sometimes, it is incredibly predictable with a certain setup. Last night was an exceptional day. It zoomed past 2 levels of resistance and shoot up into the skies.I [...]
I don’t know why it suddenly went up. All I know is, I followed my rules but missed the mark by 3 ticks. I moved my stop loss to 2 ticks above my entry. Turned out to be a good move.
On some days I win 10 trades in a row, on some days I lose 10 in a row. Why? It has occurred to me that trading conditions are changing everyday and not everyday is a good trading day. Some would call this luck. Of course, trading requires luck, the question is how to maximise [...]
People who know me will know that I don’t read much, because nowadays people write books for all sorts of reasons other than sharing knowledge. Especially in the field of trading. I selectively read books that deals with the fundamental workings of the market instead of books that focus on strategies. This is one such [...]
Futures spread trading is similar options spread trading. It involves buying/selling the spot month contract and selling/buying the next quarter contract. Spread traders take advantage of the difference in speed of movement of both contracts to profit or minimize losses. For example, if you are bullish on the Russell 2000 index, you will long
stock market info Does anyone knows how to get this widget into the sidebar?
Check out these books:
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