You must do the things you think you cannot do.

- Eleanor Roosevelt

Friday, November 6, 2009

POST SOMETHING GODDAMNIT (and its equivalent in the trading world)


I've been writing and writing, and I am not satisfied with any of it! So, I figured I would just jump in and post something. Not always the best way to get started, but I do find it tends to help. I often find myself doing something similar when trading. If I sense myself striving for that "perfect" beginning trade, I know that I need to make an adequate number of calculations and jump in. My trades are never going to be perfect, because even if I had all the time and information in the world, I believe that at the bottom of it there are probabilities--not certainties. Because of that, my perfect trade is not always a profitable trade, but rather a trade that nets me cash more than it loses me cash; and, since I have limited time, a trade that gives me a significantly larger chance of netting a profit than taking a loss.

As for articles, I have yet to fully understand that predicament.

PS: Made a couple of open and close 10-20pip trades in CADUSD, EURUSD, and AUDUSD. Also, took a nibble of some USDJPY. Looking to fund a futures account so I can get back into trading the ES and NQ (among other things), but haven't gotten around to it quite yet.

3 comments:

  1. Do you collect stats on your trades?
    How much to go for the futures account? :)

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  2. I keep personal stats on my trades =) I want to keep this site focused more on trading in general and less on me (for privacy and to focus on developing ideas). But, I will definitely post entries and exits and comment on what made them work or not work, and I will try to get behind my reasoning (if I can find it, heh). I really want to build a better mental framework of the markets; that's my goal. My results are secondary, at least in relation to this site.

    The futures account will probably have to wait until Thanksgiving time. I still follow the major stock indexes, though! I love the interplay between currency, stocks, and bonds.

    ReplyDelete