'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, September 16, 2011

This time I will short YM at 11400...
The market, YM, might trade in a range mode...

Hard lessons in trading

Trading is a grueling endeavor. It will forced you to shed tears when losing your hard earned money in a split seconds that will take you years or possibly never recover it.

Especially if you are not well capitalized and don't have the means to fund your account, that's the hard part.

But with the right motivation and mindset not to give up will give you the boost to learn more and find ways to educate yourself.

Taking the long view about the future will further your will to continue.

Capital can come or will show without you knowing it, but the time to educate yourself while you are out in the trading world cannot be overlooked.

Continue learning how to trade even though you are still out in funds, sooner or later you can master yourself in trading.

And from there, you cannot look back...



Thursday, September 15, 2011

Total gain/profit for today's trade...+$400.00 super clear...without waiting for Barak's employment package...
Close the trade at 11280...for a gain of 30 points...$150.00 profit...
Move stop to 11260 to make it safe...
Might as well put sell limit at target 11300 again...same scenario with the first trade...