Monday, December 20, 2010

Update

So I have decided to take a break for the remainder of the year. I not only could use the time off, but the holidays are coming up and I doubt it would be a good trading environment for me (flat/choppy). I've also applied for a management position at my weekend job, and hope to get it. If I do get the job my trading schedule will be changing because the job will be 4pm-12am MST during the ski season (normal 9-5 type job during the rest of the year).

Tuesday, December 14, 2010

Trades for 12-14-10

I did great with my mental stability (not spazing out whenever I’m down), but I still didn’t trade as well as I should have. First I didn’t check today’s calendar to see what was going on before I started trading. I also should have expected to have no trades due to the fed release. Lastly I should not have traded the fed release.

Forex: (-6.85%)
All times on the charts are Mountain Standard Time

5 trades, 4 losses, and 1 gain


Thursday, December 9, 2010

Trades for 12-9-10, and weekly total

My total for the week is: +5.21%

This week was a bit rocky, but today was good encouragement to carry into next week. Since it’s the end of my trading week I thought I’d share some music with you.



Today I finally managed to keep myself from overtrading. Granted it was really because I took a nap at 3amMST and didn’t wake up until 7:30amMST (slept during my normal trading hours). I’m still happy though because I could have fallen into the mental trap of “got to make money because I missed out on my normal trading hours,” which would have put me in an overtrading mindset.

Forex: (+.47%)
All times on the charts are Mountain Standard Time

1 trade for a gain

Wednesday, December 8, 2010

Commodities, Offshore drilling, and Forex highlights

An unexpected jump in fuel inventories sends oil down
Forex highlights
Offshore drilling picking up slowly

Trades for 12-8-10

Even though today’s results look good, I traded very badly. For starters I over traded again, and then I refused to take a loss so I started to increase my sizing. The only reason I was up today is because on my last trade I traded my “normal” size (vs. the 5% sizing that I should be trading), and it turned out to be a gain. I’m very disappointed in myself, and need to keep improving.

Forex: (+3.67%)
All times on the charts are Mountain Standard Time

6 trades, 4 losses, and 2 gains



Trades for 12-7-10, and a personal update

Last week’s trading was abysmal, and there are no excuses for it. After talking with my dad we came to realize that I need to back off in a major way on my sizing. This is because I have a problem when I trade for real I get results like last week’s. It’s a mental hurdle I need to overcome because I kick ass at paper-trading. So the decision is to trade about 5% of my account for at least the remainder of the year. This way I can get used to trading with real money, and slowly build back to where I was before.

Now on to today’s results,

I fell into the overtrading trap again. I can and will conquer it! I think the cause of it was I just wasn’t feeling good and shouldn’t have traded.

Forex: (+1.10%)
All times on the charts are Mountain Standard Time

8 trades, 3 losses, and 5 gains





Tuesday, December 7, 2010

Trades for 12-2-10, and weekly total

My total for the week is: -5.81%

Today I only had 2 trades.

Forex: (+1.10%)
All times on the charts are Mountain Standard Time

2 trades, both gains


Trades for 12-1-10

Horrible trading today, nothing else to say.

Forex: (-3.08%)
All times on the charts are Mountain Standard Time

9 trades, 5 losses, and 4 gains




Monday, November 29, 2010

Trades for 11-29-10

I shouldn’t have traded today and I knew it before hand. Been stressed out lately, my habits (sleep, workout, etc.) have been all jacked up over the past week and ½, and I was coming off a week long break. It’s only money though, and it’s about the long term numbers/habits.

Forex: (-3.93%)
All times on the charts are Mountain Standard Time

5 trades, all losses


Saturday, November 20, 2010

Trades for 11-18-10, and weekly total

My total for the week is: +2.94%

I’ve been busy the past few days cleaning the house and getting back in a “groove” with my daily habits and workouts. I will also have to work my weekend job for an extra day (Monday) so with that and the holiday I doubt I will have any trades this thanksgiving week.

Forex: (+1.38%) Paper-trades
All times on the charts are Mountain Standard Time

1 trade for a gain

Trades for 11-17-10

Forex: (+.85%) Paper-trades
All times on the charts are Mountain Standard Time

1 trade for a gain

Tuesday, November 16, 2010

Trades for 11-16-10

I finally caught up with my blog postings today. Sorry for leaving you hanging there for a few days, but I had a lot going on including going to 2 different shops to get my SUV fixed and my weekend job.

Forex: (+.71%) Paper-trades
All times on the charts are Mountain Standard Time

1 trade for a gain

Trades for 11-12-10, and weekly total

My total for the week is: +3.32%

Skipped trading yesterday due to the holiday, and only had 1 trade for today.

Forex: (+1.12%) Paper-trades
All times on the charts are Mountain Standard Time

1 trade for a gain

Wednesday, November 10, 2010

Trades for 11-10-10

I had a couple of trades this morning, both gainers. Was a very long day getting my SUV fixed, and after all was said and done it still isn’t fully fixed. I’m taking it to a different shop on Monday because the original shop I used just lost a customer (long story that I don’t feel like getting into right now).

Forex: (+1.44%) Paper-trades
All times on the charts are Mountain Standard Time

2 trades, both gains

Tuesday, November 9, 2010

Trades for 11-9-10

So I only got a couple of trades in today. This week is going to be a little out of the norm for me because I have to get my car fixed tomorrow. I will more then likely still trade tomorrow during London hours, but after that I’ll be stuck at the repair shop.

Only note I have is for my trade in gold, I trailed my stop too tight.

Forex: (+.76%) Paper-trades
All times on the charts are Mountain Standard Time

2 trades, both gains

China dealing with fed, while Europe's problems worsen

Interesting/useful news from this morning:

China proposes way to cope with fed easing
Ireland’s woes
Credit Crunch 2.0

Thursday, November 4, 2010

Trades for 11-4-10, weekly total, and artwork

Wound up only trading GBP/USD and EUR/USD. Results were good, and I don’t expect to be trading tomorrow.

My total for the week is: +1.85%

I’ve also gotten into digital art lately. It helps to pass the time while you’re waiting on a trade and you’re sick of looking at economic news. My 1st piece I’ve titled “Time is watching you” and was a “quickie” for the most part. I plan on doing better pieces (I’m working on another one now), but you can see all of my artwork and photography on deviantART by Clicking Here.


Time is watching you by ~gbphotography10 on deviantART

Stock photos used:
Girl-Background-Eye-Clock

Forex: (+1.40%) Paper-trades
All times on the charts are Mountain Standard Time

4 trades, 1 loss, and 3 gains


$600bil, Euro PPI, and HK's property bubble

Some quick news:

Hong Kong’s property bubble
Eurozone PPI showing more inflation
The $600,000,000,000 gamble

Wednesday, November 3, 2010

Trades for 11-3-10

Wasn’t a good day for me to be trading. Fed days are always hard until the release comes out. My 1st trade was off the ISM/factory orders news release, and I don’t normally trade news. I also missed out on some very nice moves in gold. Overall it wasn't a good day for me, but lets see what tomorrow brings.

Forex: (-.06%) Paper-trades
All times on the charts are Mountain Standard Time

2 trades, 1 loss, and 1 gain

Tuesday, November 2, 2010

Trades for 11-2-10

Only 1 trade today for a half point gain. I took it easy seeing as we have some market moving events going on today and tomorrow.

Forex: (+.50%) Paper-trades
All times on the charts are Mountain Standard Time

Global economies, and the currency war

Some headlines I found interesting and/or useful:

Dollar could loose more if QE is onging
Aussies raise rate
The currency war

Reading through the articles I’m beginning to see where the Fed’s moves are to force China’s hand in allowing their currency to rise. However I think they are up to something more sinister.

Saturday, October 30, 2010

Gold, and the U.S. Economy

Found a couple of good articles I thought were worth sharing.

Gold, and the currency war - A great article on how gold is only doing good because practically every county in the world is devaluing their currency.

U.S. Economy - Chalk full of info on U.S. economic data

Thursday, October 28, 2010

Trades for 10-28-10, and weekly total

I did very well today especially considering that it was during the hours I’m not so good at. I’m finding that the more I relax I wind up doing better.

I start my weekend job tonight so I doubt I’ll be trading for the rest of this week. My weekly total is: +3.48%

Forex: (+1.30%) Paper-trades
All times on the charts are Mountain Standard Time

2 trades, both gains

We can control it (we think)

Found a great read over at telegraph.co.uk I would comment on it, but it's best if you just read it for yourself.

Click Here

Wednesday, October 27, 2010

Gold, inflation, and the news

I’ve seen quite a bit of news floating around about gold. Most say it’s going down because of speculation the fed will support a stronger dollar. I hope they are right because we need to get inflation under control. Sure it’s not bad on the consumer end right now, but if we let it continue the consumer will be hit hard eventually.

Some other news for today:
Emerging markets curb currency gains
Cotton on the rise

Trades for 10-27-10

I wanted to trade UK hours like I normally do, but like I said in my last post I was up late with the guys talking hunting.

Forex: (+1.20%) Paper-trades
All times on the charts are Mountain Standard Time

2 trades, both gains

Trades for 10-26-10

I didn’t get around to posting this until today because our friend bagged an elk. Wound up helping him skin/quarter the thing, then hanging out at his place until 12:30am.

Forex: (+.98%) Paper-trades
All times on the charts are Mountain Standard Time

4 trades, 1 loss, and 3 gains