been 'toning it down' a bit...got to be in it to win it...but...need to keep my cash $$ to trade it... Been focusing on: CME microEuro Future miniGold Future ...also 'testing' via DEMO some overnight (while I sleep) spot Forex trading EUR/USD from my forex brokerage. No way I am going to place a futures trade overnight (while I sleep) at least for right now... made +1 point trading miniGold today
Sunday April 11, 2010 Gonna 'kick it on over' to my real/live cash IGMarkets/NADEX account for now... *may trade Spot Forex...maybe...but really small... *probably more focus on the NADEX Binary products Flat out, I simply believe I would be a better swing/position trader rather than scalper. The NADEX binaries are really fit for that. Either through the dailys or weeklys. It has been really, really hard for me to 'manage' the QUICK p&l immediate red - $$ amounts and I am jumping out of trades too early or too concerned of being thrown into overnight margin or... NADEX binaries are great in that they are fixed loss amounts...can't lose more than the premium...unlike normal futures... What possible spot forex? EUR/USD GBP/USD AUD/USD USD/JPY USD/CHF USD/CAD ....others...perhaps... NADEX contracts most likely... Crude Oil Euro Soybeans Corn DAX ...maybe FTSE and Gold? ...okay, go ahead and slam me etc etc...at least being honest and learning...learning more about perhaps the type of trader I am...
well at least you narrowed it down Time to fire up the" INCY'S EXTREME BINARY, MAYBE SOME SPOT, 60 SYMBOL FREE FOR ALL JOURNAL i am PUMPED again young CAT Lets do this thing!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If your loss is fixed, then there's some hope. But if you hadn't qualified your initial comment above with that "fixed loss" thing, then flat out I would've said you are going down.
well...let's give it a go...as stated in the beginning of this journal...it is a 'trading journey journal'...journeying onward...
I think increase now is on a journey to see if he can lose in every possible way of trading and every possible trading/investment vehicle, thats gotta be some kinda record! BANG
I am waiting for him to start a Baseball card journal probably still lose at that as well for some reason he does not want to accept that he needs to learn to trade first, then he can pick which market he wants to trade. he thinks the market is the problem wtf knows maybe he will find one out there that trades based on what he wants its mind boggeling