Tuesday, September 5, 2006
The Ones That Got Away!!
It's been a funny old day today. I bought into the GBP / JPY currency pair when I really should have known better and dropped two hundred quid in about ten minutes. The truth is, I'm not feeling at all happy today, and as psychology is such a large part of trading, I should have known better and...
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Thursday, August 31, 2006
A Downturn in My Fortunes?
As reported here last post, I've been trying out this new plug-in software to go with my charting package and, so far, I'm not that impressed! It caused me to drop 11% last week when, without it, I'd have been up 11%. This week, those three disasterous plug-in trades have all been stopped out at a...
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Monday, August 28, 2006
TOOLS & TOOLS!!!
If you're at all serious about persuing any business at all, you have to have the tools for the job. That usually means some level of investment, and that's why I bought charting software and live data feeds from eSignal a couple of weeks ago. I simply couldn't trade at the level I'm aiming for...
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Wednesday, August 23, 2006
MY STRATEGY - IN DETAIL!
As I said last time, I'm currently testing and using a trading strategy. I'm not at the 'end' of my testing period yet, but so far, it's been going pretty well, so I thought it was about time I shared the specifics with you. This is a pretty straightforward strategy that is fairly easy to set up on...
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Friday, August 18, 2006
TRADING STOCKS!
I may have mentioned in an earlier post that I treated myself to a three-day weekend training course on how to be a better trader. Despite the fact that i spent six years as a broker in the city of London, and have traded on and off since I was 16 years old (and I'm 42 TODAY!!), I actually learned a...
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Saturday, August 5, 2006
TAKING AUGUST OFF!
I'm just back from my eight days in London, three of which I spent on a Master Trader course, which was fantastic! As some of you may know, I used to work in the City as a futures and options broker and, later, as an inter-dealer broker in the London Stock Exchange. It was a while ago now, but I...
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Thursday, July 27, 2006
The Roller-Coaster Continues!
Well, the bad news is that I got stopped out of that sterling trade within days! But that's why I ALWAYS use stops, no matter how confident I am about a trade, because then I limit my downside risk without having to sit in front of a screen all day long! Now, there's been a bit of option action this...
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Friday, July 21, 2006
WE JUST BOUGHT STERLING!
Just a quick note today. I've been watching the GBP / USD charts for a while, as the Middle East crisis and Iraq is causing an increasing 'flight to quality' which, in this case, is sterling. We're all expecting the Bank of England to raise base rates by 25 points next month, which is helping the...
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Thursday, July 20, 2006
PROFIT FROM WAL-MART!!
That's what we like to see - 120% profit in 8 days from those Wal-Mart puts! Very nice. We're still running the Tween Brands puts, currently showing a 28% profit at last nights close, plus the two oil calls in Forest Oil and Talisman Energy, both showing modest losses at the moment - for some...
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Sunday, July 16, 2006
From Paper-Clip to House, in 14 Trades
This guy puts me to shame! On a quiet Sunday, with the markets closed and not much going on, I thought I'd post this CBC article for your delectation and amusement. I find it quite inspirational! CBC News A 26-year-old Montreal man appears to have succeeded in his quest to barter a single, red...
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