I had a feeling yesterday was a lucky run and after the first couple of races today I was being proved right. I cannot understand how to read these markets they seem to be really erratic. Throughout the day there was overall more drifters than steamers, and when they went they disappeared. I was on the back foot from the off and took me the whole day to make even. I don't like this one bit, as I take far more risks than I should and it doesn't feel as comfortable as some of the earlier weeks felt. Overall I would say this feels like I'm just starting again and my results look similar to that of week 1 and week 2. I was positive on the day overall but as it was so random and again more luck than any kind of skill I am not going to put the figure up as it would be misleading; it was less than yesterday though!
Tomorrow I am going to play safe and cautiously enter the markets I feel have some structure. This will result in a smaller P&L but at the moment it is capital preservation that is key.
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About Me
- firedave
- Hello! I'm David and have embarked on a new plan to trade for a living - I like a challenge! Since graduating in 2004, I've been working as an IT Consultant and am now hoping to put those skills into use and develop my trading capabilities. Looking forward to the journey...
2 comments:
Hang on in there!
They say the best way to learn is by trying things out and learning from your mistakes.
What's a drifter?
take the long view mate....while profit every day is ideal, remember that it's all a statistical game. When trying to catch up, maybe look at the month, not the daily figures ;)
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