Over the past few months, I have made a number of dummy trades. If you’ve read my blog, you know I have posted all my winning and losing trades here. It is very important to note down your bad trades in your trading journal. However, I think it is good to revisit good trades as […]
Dummy day trading #65 26-Mar-2007: NQ Short trade closed
Short position of NQ was established around 11am. Trade did go in my favour, however, it was slow. I trailed stops and get stopped with -0.27 R loss. [photopress:NQ3min26mar2007.jpg,full,alignleft] Journal note: This is a bad trade. Firstly, It was too late for short entry. And subsequently, a long setup was formed and it was not […]
Dummy day trading #64 26-Mar-2007: NQ Long trade closed
The first trade of the week is a -R loss. I got in long position of NQ a couple of minute before 10am (right before home sales report released). Am I right or wrong for the timing? I don’t know, but I don’t trade on news, anyway. I am not going to post the chart […]
Thank you
Just a short note to thank readers who have voted me in Best of the blogs at Interactive Investor Blog. I am glad to know rants and diary of my trading do attract/help some readers. Thank You.
A cure for insomnia
Ah.. England failed to win again. 0-0 draw with Israel. Here is an interesting poll run by ESPN. Well, I am with the green. I am not into sports betting, nor playing football. But, I can’t explain why I love this sport so much. Well, it is indeed a beautiful game. Watch this & watch […]
Quote from Gil Blake
Gil Blake has a routine of internalizing how he would feel given what might happen on the next trading day in The New Market Wizards: Conversations with America’s Top Traders. My approach is to confront losses even before they materialize. I rehearse the process of losing. Whenever I take a position, I like to imagine […]
