Archive for October, 2009
For the past 2 weeks, I’ve lost all my winnings and a good 20% of my account. I felt like a loser. I don’t know why things start getting wrong when I put real money. When I put paper money, I win 60%. When I put real money, it goes down to 90%. When I [...]
I’ll just cut the “I-could-have-made-$XXX” bullshit and just say that I took a good position not as well executed. Here’s the set up:
Think about these points: 1) Do you know how much you’re gonna lose? Or win? 2) How many people are using this indicator and the same setting? If many, what edge does it give you? If a few, how do you know it’ll work? 3) What principles of trading is your indicator based on? Do [...]
It didn’t dawn upon me when I first started trading, but now, come to think of it, is there ever a confirmation in Trading? Yes. After the “signal” given by the indicators, we shall wait when the price goes to a certain level before we know that the move is “confirmed”. In the chart above, [...]
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