Wednesday 20 June 2012

Are you trading anything at the moment?

Hell no! In fact, I'm not really looking anything at the moment apart from whether to go to Vegas or to South Africa - or both!

The fact is, there is nothing that fits my rules setting up in the market at the moment - and this has been the case since the first week of June. So, instead of fighting it, I am simply going to put the mouse on the ground and walk away from that computer screen.

In the moment, it is always easy to feel a sense of inadequacy if you have shelled out £1000s for a course or programme and you can't trade - even though you may feel it you are damn right entitled to do so as you've spent money learning.

Wrong! It is at times like this where you apply the skills from the education your money has bought you: to simply not trade for the sake of trading.

Trust me, you will save yourself time and money. Remember it is the net sum of all trades that makes you the money. For this quarter so far, I had nothing but wins in April, nothing but losses in May and a mixed June - all to equate to a 12.5% gain for the quarter thus far.

A 12.5% gain for the quarter may no seem like much but if this is a benchmark repeated 3 more times then it's a 50% gain on your capital. So with that in mind, I'm happy to do the following:

1) Enjoy the sun nose deep in a book (not on trading!!)
2) Continue my digital publishing (a very good income earner by the way)
3) Catch up with friends
4) Watch a Sacha Baron Cohen film
5) Go to the gym and swim
6) Develop my 'Bash the Bargie - Not the Pasty' anti VAT campaign

As I said, I'm not really looking at much. However, I'm interested in these levels:

NZDJPY: 6900
NZDCAD: 8391
DOW: 13286
GBPCAD: 16387

Let's hope these levels get hit in August.

Well done those of you who are still in GBPNZD :)



5 comments:

  1. Great post Rob - I've been very quiet on the trading front, and still loving the move on GBPNZD

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  2. Good man - are you in GBPNZD? Hopefully so - expect a 50% retracement on the move down...looks like it's in vogue now...did you spot EURNZD the other day? Classic set up

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  3. Good man - are you in GBPNZD? Hopefully so - expect a 50% retracement on the move down...looks like it's in vogue now...did you spot EURNZD the other day? Classic set up

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  4. Hey mate,
    unfortunately i 'accidently' closed my GBPNZD trade by accident when i went to close another... ooops.

    Anyway, What did you see on the EURNZD? Powerpivot? I got in on that pair on the end of day 14th bar on just a simple inside bar break.

    Take it sleazy

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  5. easily done mate - alas...it's a lesson to be learned. am not too sure with what youre seeing on eurnzd...no trading opportunity there on daily buddy

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