Daily Trade Posts
You can click on the trading screen images to see them full-sized.
Thursday, May 20, 2010
Don't Be Too Disappointed In Me!
I know, I know. I should have easily won, right? Well, actually I did win. I was set up perfectly, made my first trade and won in 4 seconds! Wow!
Then I made a dumb "extra" trade and it just kept on going down. It hit my stop loss on my second trade before I knew it, so instead of being up, I was down!!! AARGH!
Then I made a third trade which got me back up to breakeven. The -$51.60 was my commissions on the three trades. :(
Oh well. It actually was pretty fun to see the market move like that. Take a close look at the thin green lines. Those are called "Prediction Lines" that we get from MMT about 30 minutes before the trade. Look how price bounced (relatively) off the 1086.50 line and went up from there. Instead of thinking I was "all that" and made that losing trade, I should have waited for price to hit that line and then played off that line.
Live and learn.
Have a great day.
P.S. I have another trade opportunity today, but I won't be trading it because of a prior "engagement" if you will, so I'm done trading for the week!
Subscribe to:
Post Comments (Atom)
Introduction to Market Mover Trading
Please take a minute to view a brief introduction to Market Mover Trading by clicking through the slide presentation below. You can click through it at your own pace to find out more about the fundamentals of Market Mover Trading.
Let me know if you have any questions, by selecting the "Learn More Now" button below.
Market Mover Trading Introduction
View more presentations from jaredwool.
No comments:
Post a Comment