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; hi all, i thought id start a thread to post thoughts and ideas of my trading journey. i find it ...

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Old Dec 19, 2012, 1:34pm   #1
Joined Jul 2010
reminiscence of(yet) a (novice)trader

hi all,
i thought id start a thread to post thoughts and ideas of my trading journey.
i find it therapeutic to write and also alleviate boredom whilst waiting for trade set ups.
today i want to share with you something i have recently come across that has vastly improved my trading.
never trust the charts from one ****ing provider,especially when your trading with them.always use a second to confirm entries(especially).this i have found gets me better entries giving me more winning trades but if im wrong,to be able to get out with a smaller loss than it would otherwise have been.
and i hope you will pardon my language as english is not my first language.
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Old Dec 19, 2012, 1:36pm   #2
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread ah great,you wont have to pardon my language as it gets edited anyway.
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Old Dec 27, 2012, 3:04pm   #3
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread after a string of losses today i managed a win by hitting the sell key accidently when i actually meant to buy.the fking irony!
so as im sat there losing and squirming im thinking how the f is it almost impossible to overcome even a 0.5 spread.
the spread is a constant low when your sat watching and as soon as you have entered(doesnt matter long/short) it increases!
so im thinking millions are spent developing algos,would it be too difficult for spread betting firms to develop their own to show each individual trader what they want him to see specific to him.
just a thought
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Old Dec 28, 2012, 7:19pm   #4
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread there is so much BS written about psychology and some crazy analogies given that you may think you might need a Phd in psychology to trade or be Tiger Woods or some 50 star general versed in the art of war.
read by all means to broaden your horizons and learn different things but the only analogy you need to trade is that of a rat.
a rat put into a maze looking for food subjected to electric shocks if it goes the wrong way.soon enough the rat will find its food without being electrocuted.
losses in trading forge your mind not to repeat the same mistakes.
happy new year.
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Old Jan 3, 2013, 2:28pm   #5
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread STAY OUT!
it really is rigged against the small retail investor.
some news is released 3min before to large institutions who can afford to pay large premiums for this service before the rest of us get to hear it.
so when i say stay out i mean stay out before news,let the big boys fight each other,then when the market settles look to enter.
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Old Jan 9, 2013, 9:41pm   #6
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread amazing how support acts as support and resistence acts as resistence when it is against you otherwise it smashes straight through.
but its ok mr market im beginning to understand your nuances and will gut you good.
only +6 on the day but better than a kick in the teeth and the screen time is priceless.
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Old Jan 11, 2013, 12:07am   #7
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread traffic lights.
ever notice how you can negotiate a series of traffic lights by timing them properly.
this can work for a few days and then all of a sudden it doesnt work anymore.this is understandable as they are reprogrammed.
makes me wonder if these spread betting companies throw in variables into their charts so they are never constant.
screwed by the euro today.
1)not a brilliant entry
2)should have cut it sooner.
3)ECB meeting-stay out when those ***** are talking.
more lessons learned.
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Old Feb 21, 2013, 6:47pm   #8
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Re: reminiscence of(yet) a (novice)trader

aag100 started this thread never go toe to toe with the market like a punch drunk boxer,it is the bigger and better fighter and will knock you out.if your having a bad day the easiest thing to do is let emotion take over and start revenge trading to get your losses back but this usually results in bigger losses.best thing to do if you have had two three losses in a row is to close up for the day and come back fresh the next day,perhaps even think about just paper trading the following day to practice your system and get some screen time.this will all eventually begin to add up resulting in fewer losses.
like the theory of relativity,in layman terms.the faster you go the slower time gets so eventually your going so fast that time is going backwards.this translated to trading-your losing less and less and eventually you will be winning.
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