Thursday, March 31, 2011

1st Post: Slow Night

I guess I'll give a little introduction.
I've been trading since March of 2009 so just about 2 years. The talk among long term traders is that it takes a good 3 to 5 years to get consistently profitable and everyone hopes they can be the exception to that rule but few are.
I'm not one of those exceptions haha. Luckily I didn't start out with a large amount of trading capital in the beginning. I've blown thru several accounts between $250 and $1000 but I've actually made more than I've lost since I last reloaded my account in November.
Taking baby steps is the key. You have to learn to be as happy about the breakeven day as you are about the +$200 day .

And as the title suggested it has been a slow night for me on the trading front.
I mostly trade the Eur/usd currency but I didn't see a clear setup.
Still in an uptrend so I'm holding a small longer term position but no clear direction for tonight/tomorrow.

I was trying to get in an oil position but that ran before I could get in around 104.65ish where I had my order set and I didn't feel like chasing.
105.50ish looks like a good target for tomorrow.

I'm working on some charts I'll either post in a bit or tomorrow
 


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