Friday, August 21, 2009

Day 4 of 90 (Project Day 5)






Another good day today where we clawed back some of the deficit off the first two days. Another €5.29 or so.




I've added in the trade log to give you an idea of the feelings I had around the trades. Remember, psychology plays a big part in trading and your frame of mind is very important.




I keep a trading log to try and learn what the emotions were at the time of the trades. I try and see if I can find patterns from the comments for the losing trades. As they are updated real time they give a good indicator of what is going on in my mind at the time.




Today you can see the relief for the big €7 win from the US race. i thought I was going down the road of another bad day.


I clearly need to work on my UK racing. I might reduce my trade size to limit losses until I see a trend of progress. Once that happens, I will gradually increase my trade lot sizes.




doing it this way will minimise losses and will build confidence as the trading improves.




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