Ok, I haven't been here in a while. There's a lot going on in my life and even more in my mind of late so I've been otherwise preoccupied!
To be honest, I've been getting pissed off with the trading and my lack of success and have felt like quitting, but quitting isn't in my vocabulary - so here I am.
I've just sat and set up my trading platform and my charts again as I formatted my computer about 3 weeks ago, and have been procrastinating about setting everything back up again and that's been annoying me as I've not been able to really do any trading - not properly anyway.
What I've decided to do is to go back to the Zingo trade. We've got to re learn it as we've got new filters and specs that make our new Zingo trade a little more complicated than it was - that's another thing that's been causing the procrastination!
I'm going to forget about the Range trade for now and focus and really learn the Zingo trade and also do the Phoenix or Gap trade on a Monday morning. That way, I'm back to fixed times for putting on trades and I can set my alarm on my phone to remind me.
One of the things I'm really realising is that more trades is not better - in fact less trades can be a lot more profitable, so I just need to keep that in mind now and not let the 'more trades' instinct kick in as it has in the past. I think from what I've read of other new traders, it's pretty normal to assume that the more trades you put on the more money you'll make, but that's something that with a bit of time and learning the hard way, we eventually realise was an error!
Anyway, I will try to get back a bit more regularly and keep this up to date with how things are going.
Have a great day!
Saturday, September 4, 2010
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