31 Aug
Took the break down this morning and it went no where for 4 hours!!! Due to the market doing nothing all day. Booked Small profit.
Then took it again thinking it would break the .50 level..no luck
ehh today was a boring day with nothing to do but sit on your hands and be disciplined.
Took small loss [...]
30 Aug
The best analogy that I can find for this topic can be found in the sports world. Professional athletes do a tremendous amount of physical conditioning and mental conditioning in their training to become and be the best at their game. Traders, much like the professional athlete, must work toward conditioning themselves to become the [...]
28 Aug
Trading is something that takes a lot of time, patience, and skill development. Professional trading is not an art or a skill; but an art and a skill rolled into one.
That being said, it is very easy to really beat oneself up along the way which is counterproductive to what is psychologically necessary to enter into, progress, [...]
27 Aug
This post starts out with a quote that I think is extremely important to all traders . That quote is:
” If market behavior does not conform to expectations, get out”…Schwager
If you think about it, as traders all of our trading decisions and actions stem from our expectations regarding price action and sentiment in the market [...]
26 Aug
Today was a fun morning…Traded AXP and rang the register…Then played around with it and chopped around lost a little but still made out from my morning trade.
Could have played the trade better. There is always next time…
Oh And the Fake Out Award Of The Month Goes To: HPQ
Which didn’t get me today!
Congrats HPQ!!
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