Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hi to myself also to the other traders reading this thread. Saw a lot of ppl creating trading Journals here, so just try to make one for myself and hope can improve my trading.
I am quite a new trader and interested in trading Nikkei, ES, Bond and Option.
1) Nikkei : Short at 10510(1:32:00 Singapore Time) , scratch at 10510(1:39:00).
This can be considered as good scratch since the price went up to 530 also can be a bad scratch since the price went back to the 10500 lowest.
Reason I short :ShangHai Comp.dollar/Yen
2) Nikkei : Short at 10525(1:45:00), took at 10520(1:59:00) +1tick.
Very stupid take, the Nikkei was already going down(Lowest at 10500),but only a small pull back made me took. I made such a mistake around million times already,still not learn any lessons.Plus not dare to short another lot at 10530.......
Reason is same as 1)
I will trade today's GDP News, take a break first.
You listed "reason: news". Does that mean it is in your plan to trade in front of, and hold during, a major news release like ADP?
If it isn't, then the reason isn't "news", it is failing to follow your plan. Actually, even if your plan DOES call for trading in front of and holding over news, the "reason: news" is still not very accurate --- a better description would have been "reason: was wrong". There is nothing wrong with be wrong. Not every trade is a winner. The important thing is to identify if you correctly followed your plan and that resulted in a loss, or if you were swinging from the hip and no plan was involved.
.
Plus not dare to short another lot at 10530.......
