sábado, 24 de mayo de 2008

debriefing week 21

First two days were rather difficult : some 80 pips lost due to several errors:

trading stubbornly a range on the 'wrong foot'
chasing the market
I tried to keep positions longer than what is required by quick scalps to yield more profits; in fact I forced myself to leave open losing positions ( which is absurd for a scalper) . I closed several positions at 10 pips loss.
So far I paid an add-on to trade with my principal broker. ( a third party program). I was fed-up to pay and decided to trade directly the broker's platform. They have developed a trading application for fx traders and I have to admit they did a good job. So, good bye the add-on and the monthly fee. But in the process of getting used to the new platform, I made errors which have cost me some money. I am OK now with the new system.

The last three days of the week , I have been busy with the usual scalping activity yielding 5 to 10 pips a day.

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