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Postmortem 24-August-2006

by Gav Leave a Comment

[photopress:kenny.gif,full,centered]

Dear diary,

It is getting more obvious now, I am likely to end the week with loss. In fact, I am preparing the performance chart now, DARN.

There were a couple of setups appeared in E-mini S&P, mini-sized Dow and E-mini Nasdaq. I chose mini-sized Dow and missed the entry of Nasdaq.

It really involved a little bit of luck here. I chose a bad one. Nasdaq was running without me happily, and it hit a 1-R gain easily. While, the old man Dow was enjoying its strolling. I was extremely tired, physically. In fact, after putting my stop order, I dozed off in front of my screen. Dow was 2 ticks away from 1-R gain, AGAIN!?! , this time I decided to move my stop to break even point and subsequently covered the short position with some very small gain after realising my tiredness.

This is a trading day that my broker is the only one who is pleased. But, at least I put a pause at my string of losses. I will really slow down and strict in stocks index trading now until U.S larbor day. I am shifting my focus to currency trading for the time being.

Time to have some coffee. Let’s fight another day.

Filed Under: Rant Tagged With: Trading Psychology

Reader Interactions

Comments

  1. J.C. says

    at 7:32 pm

    Gav,

    I know what you mean…it’s been a terrible week for me as well. I think you’ve got the right idea in being cautious up until after the Labour Day weekend.

    As for me, I’m taking Friday off just to “stop the bleeding”…I don’t really want to see how much money I can lose this week.

    Anyways, have a good weekend and happy trading!

    JC

    Reply
  2. J.C. says

    at 11:32 am

    Gav,

    I know what you mean…it’s been a terrible week for me as well. I think you’ve got the right idea in being cautious up until after the Labour Day weekend.

    As for me, I’m taking Friday off just to “stop the bleeding”…I don’t really want to see how much money I can lose this week.

    Anyways, have a good weekend and happy trading!

    JC

    Reply
  3. Gav says

    at 4:56 pm

    JC: Thanks. I hate to post my negative result as well. But, that’s what keep me being accountable for my performance.

    Have a good weekend.

    Reply
  4. Gav says

    at 12:56 am

    JC: Thanks. I hate to post my negative result as well. But, that’s what keep me being accountable for my performance.

    Have a good weekend.

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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