Categories
Charts

It is OK to be wrong, it is not OK to stay wrong

In my last post I wrote about a couple of shorts to hedge my long exposure in the market. Here I will show the charts. It’s useful to go back and review trades after a while, studying the entry and exit in the middle of the chart is a much better way to learn than […]

Categories
Book Reviews

Dr. Alexander Elder – Sell and Sell Short – Review

I have been closely following Dr. Elder’s work online, from books and also attended his workshop in NYC. While this book covers Dr. Elder’s approach to the markets like his other books (Trading for a Living; Come into My Trading Room), I wanted to read it because of its focus on shorting. Though in late […]

Categories
Book Reviews

John F. Carter – Mastering the Trade – Review

A trader from Latvia recommended this book to me. John F. Carter is a trader, author and educator from the US. I will write a bit about the book and what I think of it. John Carter first starts the book with his own life experience, how he wanted to become a trader and paid […]

Categories
Charts

Cut losses quickly, let profits run

The title says it all. I had a winning trade and I didn’t let profits run. It’s a two-fold situation really. I had TGT in place and was away from the screens. The TGT was around 15% profit, not being too greedy to let the trade turn around against me. So I didn’t get all […]