Saturday, 16 July 2011

Analysis of week 2: July 2011

Even thought I made $1,050 in profit, I would grade myself with a 'BIG F' for the week. A couple of reasons
1. Not sticking to my trading strategy. getting into trades trying to forsee chart patterns, when in trading all you require is patience and wait for the right setups.
2. Questrade backoffice systems went down during trading hours this week, which didn't help the matter, as I got stuck in a few trades and could't close out my positions.
3. I overtraded this week.

P.S. I could have made $1050 easily in about 2-3 trades, but I did way too many trades, I traded on charts patterns which I personally would have said NO to, so what I am trying to do going forward is, whenever, I put in a trade I will be placing an arrow underneath the price I got in it and that brings all my attention to that particular point and helps me focus at that particular time.

I will bounce back no mater how hard it is, cause ALL I care About is WINNING!!

dchsn6

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