Monday, March 30, 2009

The importance of a log

Ups and downs, market is mopping the floor with my face. Is like chasing rabbits with closed eyes. When I opened a position, the market goes exactly in the opposite way and hit my stop. So you probably have read this before…

Other things that I’ve read or maybe thought… the broker is playing me bad, or the market is crazy and more nonsense statements.

The absolute truth about the market is that it´s always right, period.


Another thing that I’ve learnt is that probably all new traders (including myself) are right almost every time, but at the wrong moment.

So it’s time to another step back and analysis. By now, this is the graph Balance vs Equity since my last deposit.




Not a good performance. That’s why I’ve started this blog. Because I didn’t keep a record of my trades, I didn’t learn anything from them.

Right now my last position closed with a lost of -17usd so my balance/equity is 1428.02usd since February 23rd.

Since then, I didn´t trade anymore till I feel that I´m ready, which it´s not soon.