Postmortem 05-Oct-2006
October 6, 2006 – 9:21 amDear diary,
No dummy trade for the day. After watching YM as well as NQ moving around OR (opening range) in 15-min chart, I hesitated to get in Long position. Indeed, they broke out from the range only in the afternoon.
People were waiting for the tomorrow’s NFP(Non Farm payroll) report.
No fun. It was a boring day. I made one squeeze trade with 1-R loss. That’s a small R. So no big deal.
Since my choice is pretty limited for stocks index( now, only NQ, YM , ER and ES) , I need to implement different trading approaches to squeeze some profit out. This is going to take some time.
Quality of trade is something that I need to take care. Blindly get into any setup is not something I am interested in doing.
By the way, Mercado de Estocástica is another blog that I found to be excellent. He showed his real trades. His approach is kinda similar to Trader-x. I learnt something from them.
Ok, enough.
I will trade better.
From the desk of Tradergav.com
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Tags: Trading Psychology
Gav,
Thanks for the mention. You’re right, I definitely credit Trader-X with the basis of my trading style. I love the low-risk, high reward set-ups that his method highlights.
Thanks for the great blog!