|Are you still trying to get a grip on your trading psychology?|
How long will it take for you to separate the facts from your emotions? If you have been traumatized by some bad trade in the past your objectivity in trading may have gone out the window.
Keep your losses small but let your profits grow. Why do so many people do exactly the opposite? They hang on to a bad trade hoping that things will turn around in their favour. The reality is that instead it is getting worse and worse and worse... But when they have the opportunity of making a profit they rake in their position barely covering the trading costs. Of course to re-enter a good trade you just terminated prematurely takes more courage and doubles the commission or the spread...
So what is the cure? Have you ever thought of glancing over the shoulder of an impartial trader? With online brokers we all sit at home not knowing how other people are trading. In the 1990s traders who relied on the buzz of the trading floor at the exchange suddenly had a culture shock when everything went electronic...
Don't despair. If professional traders won't let you in on their entry signals there is one system that still invites you to have a snoop. Trading Pal is an automated algorithmic system which is always in the market - swinging from long to short and back again. So what can you learn if anything from a robot you might say? Well not all instruments are profitable for a start - so selecting what to trade and what best left alone can be expensive and time consuming. Trading Pal can spot straight away where the money was to be made in the last 9 months of data we store. Secondly, if you compare your own trades with what Trading Pal is currently doing it might bring back your objectivity towards the market. Being an investor is good. Being a speculator is crafty but being a gambler is downright stupid. So sign up to Trading Pal and get some sense back into your trading.
Today's Best Trades
Today's Trading Signals
Trading Pal features
See below what this automated trading system can do
|03 Dec 2012||Opening LONG||1051.81||10||0.00||10,000.00|
|11 Apr 2013||REVERSE SHORT||11672.10||10||106,202.90||116,202.90|
|23 May 2013||last SHORT position||12685.08||10||-10,129.80||106,073.10|