Archive for month: February, 2008

February 2008 Review

29 February, 2008 (21:09) | Journal | By: Colin McGinley

My trading results for February are pretty damn good. I stuck to my trading plan rigidly; I cut my losses when it was required and I was not afraid to put on trades or hold them for an extended period of time to let the market play its hand.
I placed 35 trades during [...]

Paycheck

27 February, 2008 (15:46) | Journal | By: Colin McGinley

This week marks the first time ever that I have actually paid myself for my trading effort.
In the almost six years that I have been learning to trade I had never previously taken out any money from my trading account and actually spent it on something tangible. When I think about it this is [...]

Fishing

20 February, 2008 (16:31) | Technical Analysis | By: Colin McGinley

Let’s start off with a little parable that aims to teach us something about life:
A boat docked in a tiny Mexican village.
An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them.
“Not very long,” answered the Mexican.
“But then why didn’t you stay out [...]

Never give up, never give in

10 February, 2008 (21:19) | Psychology | By: Colin McGinley

I’ve been listening to an audio book version of Napoleon Hill’s classic Think And Grow Rich on my daily commute for the past week.
There has been one point made that has really struck home to me as I’ve listened to this book again. This single point is said in several different ways throughout the [...]

Trading the plan

9 February, 2008 (16:20) | Journal | By: Colin McGinley

In many ways my trading over the past week exemplified how I well I can actually do.
I had a trading plan in place. I stuck to it and I was able to extract some decent profits from the market for doing so.
Let’s rewind to the Friday before last, February 1st, when the Non-Farm Payroll [...]