Ok, I have found out that I have a very addictive personality – if blogging was a drug, I’d be your typical junkie. I will say that it has made be a more focused trader, a more intentional businessman but if you ask my wife , Kim, it has taken time away from her – this is not good…more ways than one ;-). In any case I have noticed an increase in my patience while trading and this has helped greatly.
My thought process goes as such when I’m about to enter a trade – “I have to justify why I took this trade on my blog for hundreds (maybe thousands one day) of people…” before the blog, my thought was this, “I’ll short it here, lets see what happens – crap, I just got stopped out, let’s try again…I’ll go long now.” Embarrassment is a funny thing, it has slowed me down so much so I feel like I am not trading enough! But when I do trade, I have good reasons and those good reasons usually end up turning into good profit – or small losses.
Since entering the blogging world, I have been able to communicate with some bloggers/traders that I have followed since I started trading. It has been a true joy and blessing to have thoughtful conversation with people, about actual trading conditions, that I have looked up too for so long. I am excited about what is in store for me as a trader and businessman as it seems that they are tied together – when one does well so goes the other…
I want to thank everyone for reading this blog, keep coming back, I am sure that at the very least it will be entertaining.
Current positions – NONE – range bound. However, I have to short orders placed @ 2795 (break of current range – next support @ 2700) and one @ 3000 (today’s high and round number resistance) Both have 100 pip trailing stops.
I do have to say that I think we are going to experience a major correction to the upside – some technical patterns have appeared that have made me nervous. BUT the trend is still down and I am going to try to squeak out some pips before it corrects. For the record – I am not completely against counter-trend trading, but for me to make a trade with the trend I need 5 good reasons, for me to make a counter trend trade I need 10 good reasons…needless to say, I trade much much less against the trend.