Ok, Let’s get straight forward (Again?!?). I did not make any money today. But, neither did I lose a penny. Enough of BS. I did not make any trade today. Reason? Well, I was physically tired., and secondly I did not have any good dummy set up and good feeling across the market. In the […]
Trading Psychology
Postmortem 16-August-2006
Let?s get it straight forward. I earned some money today. But, the problem is, according to plan, I should have earned more. Instead of closing the day with 3.5-R profit, I should have closed it with 5-R or maybe a little bit more. Dow mini trade was the mistake of the day. I again closed […]
Postmortem 15-August-2006
The worst mistake a trader can make is the mistake that producing profitable results. Yesterday?s trading was the worst session since I?ve started day trading. It was the worst performance, though no financial damage. I did not have huge loss, instead I ended the day in black. Few mistakes were made yesterday. E-mini S&P trade, […]
TraderFeed: What Trading Teaches Us About Life
Here are 10 life lessons from learnt from trading – If you have not read Brett Steenbarger's latest posting , you better do. It is just great. I quote the 10 lessons stated by Brett here. 1) Have a firm stop-loss point for all activities: jobs, relationships, and personal involvements. Successful people are successful because […]
Confession
I had a tendency to put in third trade of the day around 430pm. I did not do that. After realising I was in fact walking towards self-sabotage stage. Self-sabotage basically means I have the tendency to repeat the same mistakes over and over again. I would say it has been an bad week for […]
