Friday, 17 April 2009

new ideas

Hi There folks,

Been a wee while since I updated the blog and thought I would quickly write up my progress over the last week.

I have been using a new charting setup with the candle sticks the last few days in the advanced charting grahps and I have been watching the way the markets behave instead of trying to trade them, but the odd time I have been trading using just £2 stakes.

Someone said on my blog I should be having fun trying to work out what the markets are doing, and it was a great piece of advice I have actually been having fun trying to work out what a particular market/horse will do and the great thing is its been stress free and there are patterns that the markets follow and I am beggining to get pretty good at noticing them.

So if like me you are a novice and have been trading using real money, stop using money for a while and try and work out whats going on and you will actually notice more, as you are not getting frustrated about losing money and for me I was able to concentrate a whole lot more on what was going on and what my game plan should be when I start using money again, there is no real subsitute to using money, and you will also learn a hell of a lot putting money in the market but occasionally taking a step back may help you like it has me.

I also just read a great post from adam heathcote about getting in the zone before you trade, I am not a profitable trader yet, but I can relate to what adam says in the post word for word, I reccomend you have read at it

The enrty is titled 'routine'

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