Holidays in Israel..

It's the Holiday season in Israel and we have a Jewish Holiday of the new Hebrew year.
I'm excited and happy to go to vacation from work, It's really about time to relax and enjoy.
Recently I've found the following forum post:
http://www.forexfactory.com/showthread.php?t=27286

There are so many good insights there, the guy who wrote it is a great man, and I feel as if he was talking exactly to me, he keep saying "This market will be here long after you and I will be dead, so there is no need to rush in and try to get all your money back in one day", which I totally agree with, in the days where I lost a substantial amount of money I thought I'd get it back all in the same day, and just winded up losing x4 more.

He also talks about the simplicity that trading should be, following a trend and making money while going with the flow, no fancy methods are needed in order to make money, and I totally into it, I don't over-analyze the market, and just tend to swim with the current trend.


I've realized something that happens to me lately is that I don't have time to trade (only about hour or so a day), so I try to get into trades without good signals, which is so bad.. so starting next week I'll go to the GYM before work, and leave enough time for trading so I won't rush into trades.

I really think I've grown as a trader and I'm much more mature now in my trading than I was 2-3 months ago.

I stopped doing mistakes like losing more than my daily stop loss, I don't take trades from other people, I don't trade when I cannot follow the trade, that's the latest improvements in my trading.

Need to improve:
1. Stop buying on spikes or when market gets crazy.
2. Start reading books or so while trading, otherwise I get bored and fall asleep and miss a good trades like yesterday's 50 points move.
3. Stop overtrading, the less amount of trades is the best usually.
4. Take time from trade to trade, otherwise you just take impulsive and bad trades.

Hope to get back on my feet soon,
Have a great week!
And to the Jewish folks reading my blog:
Shana Tova !

Busy month..

I moved apartment, changed place at work, rethink my life, and traded only 10 days of the month.
I think I'll try to make more time for trading, since I've finally started trading with discipline, and that is of course the most important thing in the world of trading.
I haven't got much to say thought, I think that being in this field of day trading 3 months have taught me a lot, and I am finally starting to see the light in the end of the tunnel.

Setting life goals, that is what important, and my goal for the next two years is to master the art of day trading so much that I could trade from anywhere on the planet, and have myself an endless "vacation", travel all over the world, see all the nice places I wanna see, and basically just have fun while I live..
In two weeks I'm going to skydiving course, which will be so much fun, I just need to overcome my fear of heights and it'll be good :)

As for my trading, it's ok, I put myself rules, I start following them, and now only statistic will tell if I'll make money in the long run or not, I decided to stop trying to reach impossible goals, and just take day trading a day at a time, believing that the odds(statistic) is with me, and basically have faith.
I'm tried sick of saying "today I must make 200$!!", this is not the way to do it, I'm not dependent on my trading for a living just yet, so I don't really have to make the money, I release the pressure of seeking "fast gains", and put myself a goal to really learn the art of day trading, only when I make it, I will think of quitting my job and start day trading for a living from everyplace with Internet connection on earth.

Have a nice week,