Stocks
A loss in stocks for a consecutive month and this month was worse than the last. Even though I cut down on my trades, I did not cut down on the position size. In an uncertain market during the Apr-May period, I should trade with a much smaller size so that I err on the safe side. But I did not because I was unsatisfied of the potential profits if I win. My trades were driven by greed and this is dangerous and definitely a wrong mentality. I should approach it in 180 degrees change in perspective – Market is uncertain, the probability of win is not that high. I should sit out or if I want to try the best potential stock, I should play with a small amount.
Forex
This is the best forex trading month. This is also the first month that I used the new GMA system. I am happy that I capitalised on the weakening of EUR and AUD. I must remember this strong trending opportunities do not come very often. I should not go away with the idea that this profit is due to the change in the trading system. It is the market that provided the opportunity, not the system itself. I must continue to trade with a cautious approach.
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Hi,
Which forex broker you are using?
What are the pro and cons?
Thank u.
Hey,
I did a search and found it. :)
you are not a fund manager or a full time trader. you don’t have to be in the market all the time. small or big your position might be, when market migrates south, you would not want to argue with it. you can sell before your stop loss is triggered.
Yes Ryan, maybe you are right
Yes EURUSD and AUDUSD are in downtrend now. Capitalise on it.
Well done on your FX trading.