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.
Thursday, October 14, 2004
Journal - 10/14/04
08:45 - L EUR 2 @ 1.2395 stp 6 ticks - trend, 3min pb10ema, entry pbh + 1 tick
08:48 - Exit 1 @ 1.2400 +5 ticks - scaled out
08:48 - Exit remaining 1 @ 1.2400 +5 ticks - not getting the follow thru I expect, heavy selling on T&S and high vol on pb
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.
