Wednesday, April 25, 2007

REMINDER!!!

Go to EvolutionTrading for the Virtual Office stats today.

Cheers!

-DT

Posted by Dinosaur Trader at 3:47 PM

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3 comments:

Anonymous said...

Hello all,

I'm new and been reading you guy's blogs. It's really nice that you guys share your trade info/style. I read few of your previous blog, I know how you feel. I had a good 2 weeks (last two weeks) of trade. But this week, is just not right. Everything I do is not right. I would either loss some and then trying really hard to break even and then loss some more at the end. It's been frustrating. I guess I really need to learn to be patient. Being patient is "really a virtue". Yesterday and today, I've tried to short QQQQ but without success. Market has prove me wrong. I guess I just have to be patient and wait for correct signal, instead of jumping the gun too fast. Good thing with proper stop, I've only loss very little (around couple of hundred dollar I think). But hopefully one of these days, market should pull back with this much over bought condition. And when it does... here I come...

P.S. Market probably would pull back when I start to think I should be getting back into market (on the long side)... haha

Frank

April 25, 2007 at 5:24 PM
Dinosaur Trader said...

Frank,

Hey, thanks for reading.

I find that I trade best when I have no opinion on the market. That way, I'm ready to act on what the market it telling me it's doing instead of trying to make the market do what I want it to do. It's a very difficult line to walk though, because it's hard NOT to have an opinion about the market when you work in it every day. But with others, they need the strong conviction to act aggressively one way or the other.

Anyway, like they say, the market loves to prove the majority wrong at all times.

Thanks for the comment,
-DT

April 25, 2007 at 11:48 PM
Anonymous said...

Yes, Totally agree, having a "bias" can really mess me up...

Frank

April 26, 2007 at 8:30 AM

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