Monday, July 21, 2008

Trading Journal

Trade number: 23

Trade Date

13/07/2008 - 09.15 AM (GMT)

Trade Spec

Hangseng

Type of Trade

Long 10 lots

Style of Trade

Short Term

Entry Price

21700

Reason for Entry

Stochastic on 8% to an uptrend

Crossover SMA

Target Level

21750

Reason for Exit

Watch Out for Resistance

Stop Loss

50 pts (according to each traders)

Gain or Loss:

-$500

Sell Date:

13/07/2008 - 09.25 AM (GMT)

Trading Error1:

System gave a buy signal but I didn't pull the trigger

In the extreme market, I should increase the stop loss points, cause after the price broke my stop loss, it bounced

Solution:

When the system signals, I have to enter the trade without any fear

Feel the volatility of the market




0 comments: