Trading is a business. A Trading Journal is a must for a trader to keep track of results and progress, identifying mistakes and solutions, and areas for improvement.
Wednesday, October 06, 2004
Hesitation, hesitation, hesitation!
HSI formed double bottom with oversold stochastics but I hesitated fearing that a wrong entry on HSI could go against me really based on observations of how HSI moves. The trading demon of wanting to be certain froze me from pulling the trigger.
Having lived in an Asian country where the stock market is regarded as a playing field only for the upper class, I never had an idea about investing or daytrading. I was only introduced to the financial markets during the tech bubble burst of 2000 by a co-worker when I worked abroad. Initially, I invested in stocks but later realized that daytrading is more suited to my style and comfort level. Since 2003, I switched to trading futures and currently trade index and currency futures in Hongkong, Europe, and U.S. futures exchanges.
Aside from trading, I do some computer consulting. I like to watch professional sports especially MLB, NFL and NBA. I play bowling and loves to travel whenever my finances permit.
