"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, March 3, 2010

March 3rd


I felt great about this paper-trade short, but didn't have the time to see it through. I jumped out of the trade with a small gain, drove like crazy, and was still about 5 minutes late for my day-job visit with a customer.

A short time ago I had a chance to sign in to see how FCX finished for the day. Looks like I had a great entry on a 40 minute drop of 87 cents.

Sunday, February 28, 2010

February 25th


The weather in Northern New England has been horrid since Thursday... torrents of rain and high winds. Some folks still have no power. We just got our internet & cable tv back today. As such, I was unable to post this on Thursday and couldn't practice trade on Friday.

Wednesday, February 24, 2010

February 24


Done practice trading for the day. Spent the whole time working with FCX and I seemed dialed in on it. I have no idea why... I just felt tied in, even when I was down on one trade, I felt like I knew why and that it was coming back to me. It did, and I doubled up on it after it went positive. I did get out too early... actually I left a ton of paper-gains on the table. But, that is the mind working against me... after having been down on the trade and not trusting that I was ok in it at that point. I took a short afterward to get my head back into the stock, fading the huge pop at 1:15. I covered it for a gain and decided I have to get to my home construction duties for the rest of the afternoon.
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As I see my technical skill improve, I still have trouble fighting my emotions. Practice, practice, practice. It doesn't matter that I put up six paper winners for over a $1000. I felt weak at points... where I didn't listen to what my senses were telling me to do. I feel what I should do, but sometimes I don't act on it. And that is why I do not trade real money now.