dr.blix's 'trades of shame' journal

haha...oh the shame!

well this is why i started the journal HW...to shame myself into not opening ill thought out positions.

in my defence i don't treat equities in this way, as the position sizes on those are relatively substantial.

i tend to play around with FX because i'm only SBing small positions, which is where my cavalier attitude problem comes in.

but, you're right, essentially its gambling...a very bad habit...and although the positions are small, its the principle of gambling that's dangerous and counter-productive to the learning process (which is the only reason i started SBing, as a tool to learning TA).

ok, made 3 E$ trades today.

first one went long @ 14738 on a channel floor with bullish RSI osc div. closed for + 37 pips.

opened another long but got stopped out ( i'd kept my stop tight at around 12 pips), this went on to go in my direction after it took out my stop. - 12 pips

took another long on the bullish osc div (on 10m and H1 TFs) and closed for + 12 pips.

probably should have moved the stop to BE on this one as i could see a potential 780 on the cards, but closed it once i'd got back the 12 pips i'd just given away.

good to end on an up anyway.

i'm going to set myself a new daily target of 30 pips, try and get some structure and discipline back into my trading.

hello dr.blix.... sorry I haven't posted because I haven't traded any UK stocks (as I have said my main trading market it is USA) at the same time been busy with my olive groves (I am a small olive oil producer... the best oil )

I will post whenever I will trade some..

take care and make plenty £££$$$$

hey ciao, no worries, def post whenyou trade in any UK smallcaps though...i'd be interested to see your analysis, and i'd like to offer any views i might have too.

i'll also start posting the smallcaps that i monitor/trade for you to view too.

do you export your oil ciao?? let me know if you do and i'll keep my eye open in the local deli!

Hello Dr.B
if I tell you my analysis you will be shocked..... I only trade what goes up in that particular time...if it reverse (wrong timing) I sell so I lose less and make more.... the best scalping strategy (I suggest not to follow it)
jk apart (but in one way quite serious) in the UK I follow ACTA EME GKP HAWK IFL MANA PXS UNIQ my lates NTOG all p&d as you know like most AIM stocks and few others but lately those are the one that give me most satisfaction.... if I am in front of the PC I scalp otherwise I ride the waives but get out before (I prefer small profit instead of chasing the big one and end up losing)
I will post when I get involved (bought PXS under 6p hopping to double (eventually)

for my other interest "olive oil" I will explain a bit better next time (it take me a while to put something sensible in English) but my motto is "quality over quantity" and I make sure that is done that way of course I produce less (wastage by not spraying chemical etc..) collect the olive in the morning by the evening I got my oil (so it doesn't take the acidity and lose some of the important goodness and keep it is fragrance softness etc...etc... and above all it is an 100% "extra virgin olive oil" I could go on into something more deep but this is a trading thread .....

export is too expensive but I got quite few English that come and get it when on holiday and I got a good market in Monte Carlo they are not short of a penny...
this year it is going to be an excellent year so there will be plenty

enjoy your evening

i follow provexis too ciao, not traded then as yet though.

some of the ones i also trade are: DISL, AGQ, CEB, AFE, GGG, INGG, KDD, MWA, RGM

nothing wrong with your trading style ciao, you're just trading the trend, nothing wrong with simplicity...if it works, it works!

3 cheeky little E$ trades:

long closed +10
long closed -12
long closed +41

i've hit my target for 2moro (monday). as i'm 9 pips over my target i may allow myself 1 trade with a very tight stop, if i get stopped out i've still hit my target.

could anyone tell me if they think this is a bad idea to do this? does it sound like i'm desperate to get my 'fix'...should i just not trade at all and thus be a definite 9 pips closer to the ultimate weekly goal of 150 pips?

780 E$ level turned out to be a well respected.