alifari's Blog

Avatar

DAY 1 - Trading Plan for May Contest

As always I am excited and looking forward for start of new trading month. Last month I managed to be in Top 15 and the goal this month is to improve on my ranking.
I understand that in order to be consistent I have be patient with my entries and exit and not to get carried away if I miss a trade cause volatility is going to by there, so plenty of trading opportunities will arise as days goes by.
Moreover, beside chart analysis it is important to maintain a daily journal of all trades such as wi…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Re-assess my Trading Plan

Last couple of days my trading has been well below par, perhaps it's time to reassess my trading plan. Here is a paragraph from my article written a while back, perhaps it's what I am currently experiencing.
The most important thing a trader has to learn is when not to trade. It is not only when the markets are overly quiet or nasty whipsaws, but when they are having mental whipsaws. In other words, when they are taking irrational and illogical trades contrary to their trade plan. When they are
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários