I have finished reading ‘Trading in the Zone’ and I highly recommend the book as Mark explains why trading is so difficult and what approach you should use if you want to be successful. [My only quibble with the book is that it would have been even better book if it was edited properly.] Armed [...]
Entries Tagged as 'General'
Starting Fresh
June 22nd, 2009 · 6 Comments · General
Tags:trading rules
Another Update on SAH
May 5th, 2009 · 3 Comments · General
Even though I closed my SAH position, I have been following SAH price action. Yesterday, SAH announced that they will be restructuring their debt and that caused another spike in the price. As of this writing, SAH is at 6.5 and heading higher. Obviously, some folks were in the know about this restructuring and they [...]
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Trading in the Zone
May 3rd, 2009 · 2 Comments · General
Trading in the Zone is an excellent book. Though writing is sometimes repetitive, Mark has done a great job at identifying some of the psychological blocks which hurt traders. He explains you what it really means to accept the risk involved with trading. He explains what it means to take responsibility. One of the favorite [...]
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My Biggest Loss
April 24th, 2009 · 10 Comments · General
I finally covered my SAH position yesterday at 3.55, losing little over 5000$ on this position! I don’t have words to describe how painful it was to lose such a huge amount in one trade. I swear, this is the last time it’s going to happen to me. As my friend sJ keeps suggesting me, [...]
Tags:paper trading·sah
Update on my SAH position
April 17th, 2009 · 2 Comments · General
I have been watching SAH closely everyday and looks like there isn’t going to be an end to my pain in near future. As I look through the chart again, SAH has a very solid resistance at 5$. But to hold through 5$ means, I will be down by almost 8000$ on my position. I [...]
Tags:sah