Saturday, March 8, 2008

Japanese candlestick charting techniques

Worth reading

30 minute chart










As the market is not showing any sign of stability,i think the only way to save myself from this choppy market is to go for bigger time frame. I was analyzing some 30 minutes charts today & i found some good entry point .

Successful Traders Use Successful Trading Techniques

worth reading

The Principles of Successful Trading

worth reading

Not much happened

phophet screener didn't work properly today & couldn't find that many opportunities.

Summery -10

Friday, March 7, 2008

Oops I did it again




I caught a nice trade on CAL, made $200 but I totally ignored my stop loss again & gave Away the gain on BSC, also missed the opportunity to make $500.


Summery +56

Thursday, March 6, 2008

Reasons why traders lose money


  • Over trading

  • Lack of knowledge & lack of experience

  • Trading without a plan

  • Not having enough capital

  • Over confidence

  • Lack of confidence

  • Emotional trading

  • Afraid to lose money

  • Trading with complex system

  • Relying on others

  • Not willing to take it as a business

  • No giving enough time to be a trader

  • Trying to be successful overnight
  • Running Losses

Monday, March 3, 2008