Tuesday, February 12, 2008

Overtrading?

When I used to 'always' lose money, the frequency of trading was very high. I was just losing money from commissions only (on top of many stupid trades). In the past few days, I felt as if I'm back in days doing the similar thing. Traders' 3 deadly sins are

1. Under-capitalized

2. Over-trading

3. Lack of discipline

It's just amazing that at on point I feel like I'm a pro, but next day I'm not different from when I first started trading. What I should do is probably video-record what I am doing. It will brutally record everything I do (moving stops, impulse trades, taking early profits etc...)

Markets don't seem much clear to me especially in indexes. It looks like it'll test its low, but moves don't seem strong. There's an old saying, 'Never short the choppy market'. Not much daytrading setups on indexes either, so I've only trading grains. One thing that stands out now is Oil.

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