my trading day ~ thursday 25th february 2010
Goo day to you all – and as planned I was up early for an invigorating cycle ride at 6am – and I ready in my home office at 7:30 to watch for trade signals using my USA Forex system.
I was watching my usual instruments (as listed yesterday) across just 2 screens, although I have the use of 4 if I need to. It is quite easy to watch 4 or 5 charts on one computer screen if you organise yourself cleverly.
Anyway – my first trade (GBP/USD) triggered at 8:15am, and gave me an opening profit of +30 pips, and I could see from my collection of charts, it was going to be a busy day – so the plan was to trade straight through until mid-afternoon, as I fancied an early finish to the day after my very late night in London last night.
Incidentally, while on the subject of my evening out – one of the traders I was talking to last night is also very interested in trader psychology. I accept it is all part of our working life when we start off in this exciting journey to trading nirvana, but he has made a bit of a lifelong interest – and he did give me an very interesting exercise that he believes EVERY new trader should carry out – because if you miss this important stage, you are virtually doomed to failure. Over the next few weeks I am going to add this exercise to my trading manuals – and also make my existing customers aware of it. If you have not joined my trading education programme yet, send me an email and I will enlighten you.
Anyway – back to my quest for the day, my 2nd trade came along at 9am (USD/CHF) and was my first losing trade of the day at -12 pips. Within 30 seconds of that trade, I entered another one (EUR/USD) and that one turned out unsuccessful as well. No matter, onwards and upwards – and within 15 mins I had my 4th trade signal which went on to give me a 3rd losing trade. Another hour went by before I had my 5th trade (S&P500 Index) and I closed that off for a +40 pip profit.
Just after 10:30am I had a quick succession of trades and they totaled +50 pips between them. By now, I had enough pips to give me a very nice daily wage – but I did promise I would ‘work’ into the afternoon, so after a quick snack at midday I carried on. Between then and 2pm I completed another 3 trades (with NO losers) and my total for the short day-time session came out at +114 pips.
I was out for the rest of the afternoon doing boring errands that most people have to do at weekends, and I was back at 5pm to trade my Evening system (Trade With A Day Job) and I had one successful trade just after 6pm which gave me my usual +20 pips.
This end to my trading day meant my total earnings for the day came out at +134 pips, a nice end to my trading week (as I no longer ‘work’ on a Friday)