reminiscence of(yet) a (novice)trader

This is a discussion on reminiscence of(yet) a (novice)trader within the Trading Journals forums, part of the Reception category; what comes before even a strategy? know which market your going to trade its opening/closing times spreads during these times ...

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Old Jul 12, 2013, 7:39pm   #41
Joined Jul 2010
Re: reminiscence of(yet) a (novice)trader

aag100 started this thread what comes before even a strategy?
know which market your going to trade
its opening/closing times
spreads during these times
roll over charges
interest charges
dividend payouts
times of news announcements
settings on your trading platform
trading is difficult as it is and losses incurred from the above feels even more so that the market is out to screw you over.
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Old Jul 19, 2013, 3:38pm   #42
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread like the mad man laughing at the rain
you might be short ftse and watch the dow.for every point the dow goes up your ftse goes another point against you.the dow goes 20 points against you and your ftse position is in the hole for another 20.fair enough you think the ftse isnt gonna go your way if the dow isnt.dows now gone 50 against you and your deeper in the hole by 50 too.
things turn round and the dows beginning to move down.great you think with a sigh of relief.it drops 20 points and the ftse only falls a point.WTF you think for every point it was going against me the ftse followed suit and for 10 points it goes for me i only get back 1.the dow gets back to where it started or even lower by another 20-30 points so your ftse position should be in the money too.but is it fk,its still down 30 points.
why is there a corrolation when its going against you but not when it would be for you.
it really does leave you feeling like the mad man laughing at the rain.
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Old Jul 27, 2013, 11:48pm   #43
Joined Jul 2010
Re: reminiscence of(yet) a (novice)trader

aag100 started this thread right.from monday i will be posting my trades in euro/dollar.
as they will be open to ridicule it may force me to make fewer and better trades,that is the plan.
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Old Jul 29, 2013, 11:46am   #44
Joined Jul 2010
Re: reminiscence of(yet) a (novice)trader

aag100 started this thread 11.37 short 1.3294
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Old Jul 29, 2013, 12:01pm   #45
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread 11.56 close 1.3288 +6
got out.a,what I call contradiction in my pattern and usually if I don't take even the small win it gives me,I know it can come back to fk me.
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Old Jul 29, 2013, 5:03pm   #46
 
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Re: reminiscence of(yet) a (novice)trader

Hey, judging from the name of your thread, can I assume your using some kind off price to volume strategy?
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Old Jul 29, 2013, 5:58pm   #47
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread
Quote:
Originally Posted by pieter101 View Post
Hey, judging from the name of your thread, can I assume your using some kind off price to volume strategy?
wow steady on,price to volume sounds too complicated to me.
basically my strategy is the behaviour of price around certain indicators i use.
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Old Jul 29, 2013, 6:05pm   #48
Joined Jul 2010
Re: reminiscence of(yet) a (novice)trader

aag100 started this thread not really getting the time to call out trades.one i did call turned out ok but if only i had the balls to hold on just a few more minutes.could have taken around 20 points and been done for the day.but easier said than done.the number of times i havent taken a few points and its come back to whip me for 20-30 points!
so i shall keeping taking the few it does give and build up confidence and an account.
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