Hi!
I started trading a couple of years ago, and I`ve had a strike of luck in stocks, followed by a strike of reality (I`m still up, but large losses lately). I`ve been trading energystocks, and had a nice run last year. Now I`m not to into the particular companies as it takes very much time to get the overview. I try to do like Jesse Livermore on this, - to pick the leaders, but in these uncertain times, it`s not very easy to decide what a good leader is. Take the finance industry, og the automotive, - there is no teling just yet who made the right bets! This is partly why I turned to trading oil instead of oil companies.
I don`t have any experience with commodities trading, but I see long moves in the same direction, and this is what attracts me. The only commodity I`m trading is crude oil. I don`t want to have to care about natural disaters or weather affecting cornprices. Oil is a very trendy market, and the volatility suits my trading style.
Forex has not treated me to well, and I can say that I have trouble controlling the urge to take a position everytime I look at a forexchart. This is plain stupid, and it makes me loose my money. This is one of the reasons that I`m making this journal. To make the setups clear, and to make certain that I`m following the rules. One of my problem is that I see a "nice setup" every time I turn on the computer. I want to quit this bullshit planless punting and start making some money!
I accept the fact that I really never know where the market is going, no matter how good reasons I manage to make up for it, so i stick a trailing stop loss on every trade, no matter what. I also acknowledge that I really don`t know where a move starts and where it stops, so will let the trailing stop loss take me out of the trade when the market goes against me.
Opinions are welcome, and I`m interested in both the fundamental and technical side of trading. I do not scalp, and I really don`t care a lot about the small timeframes.
I`d like to credit Wayne Jackson (Jacko) for inspiring me with his legendary Jacko's Forex House of Pleasure and Pain thread.
I started trading a couple of years ago, and I`ve had a strike of luck in stocks, followed by a strike of reality (I`m still up, but large losses lately). I`ve been trading energystocks, and had a nice run last year. Now I`m not to into the particular companies as it takes very much time to get the overview. I try to do like Jesse Livermore on this, - to pick the leaders, but in these uncertain times, it`s not very easy to decide what a good leader is. Take the finance industry, og the automotive, - there is no teling just yet who made the right bets! This is partly why I turned to trading oil instead of oil companies.
I don`t have any experience with commodities trading, but I see long moves in the same direction, and this is what attracts me. The only commodity I`m trading is crude oil. I don`t want to have to care about natural disaters or weather affecting cornprices. Oil is a very trendy market, and the volatility suits my trading style.
Forex has not treated me to well, and I can say that I have trouble controlling the urge to take a position everytime I look at a forexchart. This is plain stupid, and it makes me loose my money. This is one of the reasons that I`m making this journal. To make the setups clear, and to make certain that I`m following the rules. One of my problem is that I see a "nice setup" every time I turn on the computer. I want to quit this bullshit planless punting and start making some money!
I accept the fact that I really never know where the market is going, no matter how good reasons I manage to make up for it, so i stick a trailing stop loss on every trade, no matter what. I also acknowledge that I really don`t know where a move starts and where it stops, so will let the trailing stop loss take me out of the trade when the market goes against me.
Opinions are welcome, and I`m interested in both the fundamental and technical side of trading. I do not scalp, and I really don`t care a lot about the small timeframes.
I`d like to credit Wayne Jackson (Jacko) for inspiring me with his legendary Jacko's Forex House of Pleasure and Pain thread.