Wednesday, March 11, 2009

Internal Conversations

-Today i saw oz 200 trading in at 3240 i didn't  see the chart but i my conversation was “it has gone up too much its a bear market it has to come down and i did short on 3240” now when i am running in loss (position is ongoing) i am thinking “why i didn't see the chart when i bought it could be consolidating”

-Now that i am seeing 433 profit in demo Trading i am getting tempted to trade my real account tom but i should not be doing it yet.

-As 3 of my trades are showing  profit i can see my confidence growing and i am not sure if this is over confidence

 

-Rule: Never trade without seeing the chart

-Rule:While scanning don't look for chart like say “today market is down or now a days market is down i will short and if you start looking from that angle even the chart is bullish you will try to find bearish opportunity in that.

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