ForexSpirit

I’ve spent the majority of the past two weeks trying to kick back and take a break from trading. I’ve often identified the need to do this in the past but seldom deem it necessary at any given moment, which obviously leads to never actually taking that much needed break.
I didn’t make a [...]

A clearer head made for a much smoother day of trading as compared to my performance last week. There was no chasing of my own tail.
Patience was my watch word. On reflection over the weekend I think impatience definitely played a part in undermining my attempts to think straight last week.
Today I picked [...]

There’s a fascinating article on the financial implosion of Iceland in Vanity Fair.
This paragraph stung, especially after today’s suckage:
Back in 2001, as the Internet boom turned into a bust, M.I.T.’s Quarterly Journal of Economics published an intriguing paper called “Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment.” The authors, Brad Barber and Terrance [...]

I guess it just wasn’t my week.
Today just about everything that could go wrong did go wrong. I felt like a newbie trader being tossed around at whim by the market professionals.
I got whipped to hell and fell for every turn hook, line and sinker.
While the atrocious NFP number came is pretty much as [...]

Today’s trading performance from an analysis and execution point of view was much better than yesterday.
Unfortunately, a poor bookend trade entered towards the final part of yesterday’s NY session got things off on the wrong foot.
This final losing trade on Wednesday was the exclamation point to some truly crappy timing and entry points on my [...]