Nothing much to write about todays trade. It was the result of being impatient to wait for a good setup. I took an very poor setup. I am not going to think too much over this trade. In the business of trading, you pay for your mistake. I start testing my strategy in E-mini Russell […]
Trading Psychology
Failure patterns…of a trader
Few key patterns that repeatedly shown by failed traders. It is worth taking note of those.
Still no trade: Testing Patience
I continued staying away from NQ today. I did not find any good setup before lunch hour. There was no clear strength shown from bulls and bears. NQ indeed made a reversed in the mid day. [photopress:NQ5minfulldaynotrade23Jan2007.jpg,thumb,alignleft] Now, I am kinda sitting for another test. Patience. This is another thing I have learnt from my […]
Postmortem 17-Jan-2007
[photopress:NQ5minfull.jpg,thumb,alignleft]I have only made one trade today, after watching market till lunch hour, I decided to call it a day. No fun. It was a choppy morning. Yep, I got stopped out. In fact, that was a low probability entry. Setup was formed within a trading range. A better entry would be waiting for NQ […]
Postmortem 16-Jan-2007
[photopress:NQfullpictureChopFestTRIN.jpg,thumb,alignleft] I ended the day with only one trade, no gain though (well, again, $0.28 after commission. LOL). In fact, after first trade was stopped out, I was waiting for opportunity to go Long since a new uptrend trend cycle was formed. But, heck, nothing happen, it was another chop fest. My adjusted TRIN index […]
No trade 11-Jan-2007; Distracted trader
I am kinda frustrated. I just can’t concentrate on trading today. And well, I missed the entry around 1035am in NQ. That’s a very profitable entry.? Watching NQ making new highs without me. I call it a day now, stop wasting my time since I am not being myself.
