Pooh Bear's trading log

Coved USD/CAD short again, price 1.1047, time 19:14 US Central Time, still feel uncomfortable with it. Will keep away from Forex for a while .

On the other hand feel much better with the mini-silver position, if keep going down tomorrow morning, will short another lot.
 
Quote from 4re:

Why not just go ahead and begin with futures. Give the low start up you could at least start with a couple of YM contracts anyway. Probably get a little more bang for your buck.

4re
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i dont understand how u can give out advice like this when u full aware all newbs that have a go at futs usually blow in no time; maybe statistics and odds have no significance for u, gawd knows, but the guy, havin' such a tiny acct shud be only swing tradin' stocks and not trade outrageously competitive and leveraged stuff where any loss can get outta control very easly.
 
Quote from MONACO11:

You are overtrading.
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We don't know his style or trade expectations. So saying he is overtrading is nonsense. Overtrading happens when emotion, instead of a plan, dictates the trade.

I trade YM (and ER2) daily. If I enter YM with expectation and plan to capture say 30pt and expectation is met, is it overtrading if I take another same side opp 10m later, even at a slightly worse price than original position close? I say no. I am trading according to plan. Purists would say my system is flawed and I am overtrading.

Good luck to you poohbear.

Osorico :)
 
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