Monday, January 25, 2010

Trading Error..

Made a mistake in today's trade. While the long term trend is down, however the hourly trend is going up. I shorted GBP/USD ignoring the short term trend. And the trade hit stop loss in less than two hour. I realised the mistake halfway but did not act to cut it short, second mistake.

Overall portfolio at -47%.
Target to break even by end of February 2009.

Monday, January 11, 2010

A Poem

Suffered a massive loss last week from several trades. Reduced my portfolio by 13.7% now at -45.6%. Need a 100% gain to break even. Something that i have never achieved in my trading career.

The Charge of the Light Brigade

Half a league, half a league,
Half a league onward,
All in the valley of Death
Rode the six hundred.
'Forward, the Light Brigade!
Charge for the guns' he said:
Into the valley of Death
Rode the six hundred.

"Forward, the Light Brigade!"
Was there a man dismay'd?
Not tho' the soldier knew
Someone had blunder'd:
Theirs not to make reply,
Theirs not to reason why,
Theirs but to do and die:
Into the valley of Death
Rode the six hundred.

Cannon to right of them,
Cannon to left of them,
Cannon in front of them
Volley'd and thunder'd;
Storm'd at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of Hell
Rode the six hundred.

Flash'd all their sabres bare,
Flash'd as they turn'd in air,
Sabring the gunners there,
Charging an army, while
All the world wonder'd:
Plunged in the battery-smoke
Right thro' the line they broke;
Cossack and Russian
Reel'd from the sabre stroke
Shatter'd and sunder'd.
Then they rode back, but not
Not the six hundred.

Cannon to right of them,
Cannon to left of them,
Cannon behind them
Volley'd and thunder'd;
Storm'd at with shot and shell,
While horse and hero fell,
They that had fought so well
Came thro' the jaws of Death
Back from the mouth of Hell,
All that was left of them,
Left of six hundred.

When can their glory fade?
O the wild charge they made!
All the world wondered.
Honor the charge they made,
Honor the Light Brigade,
Noble six hundred.

—Alfred, Lord Tennyson

Courage is a hard thing to figure. You can have courage based on a dumb idea or mistake. That's why courage is tricky. Should you always do what others tell you to do? Sometimes you might not even know why you're doing something.
HELP!!!!!!!!

Tuesday, January 5, 2010

Frustrating result....x@#%

After some encouraging result last December, i started the January with 2 days of consecutive loss. Very frustrating indeed. Lost what i gained in December in just mere 2 days. Yesterday i entered long an hour after the Euro market open and the trade reversed about 3 hours later. Today I entered another long trade on GBP/USD at the Euro market opening and it reversed immediately.

x@#% x@#% x@#% x@#% x@#% x@#% x@#%

Good night.

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