Think before trading

I REALLY need to get into the habit of THINKING before making a trade. It seems that all that is happening to me nowadays is I'm making a quite a few trades of which some are profitable though most of them are profitable for a short while then become major losers.

I really need to think through all of my trades much much more and only make a trade when I'm certain what is going to happen. I've been trying to find spikes to make big profits from, however I think what I need to do is to start trading with the trend, find a trend, make a trade and then sit on it. Also I believe I should be making longer term trades.

I've been away on holiday (had a great time) for the last couple of weeks so just got back into my trading and updating my blog.

Related

1. Definately a fluke
2. I'm a fool
3. Going short wasn't a good idea
4. I have a long way to go
5. Latest progress plus more...

Archives

» Nov 2006

» Oct 2006

» Sep 2006

» Jul 2006

» Jun 2006

» May 2006

» Apr 2006

» Mar 2006

» Feb 2006

» Jan 2006

» Dec 2005

Links

» Forex Blog

» Forex Project

» Oanda

» FOREX @ Investopedia

» Baby Pips

» Trading Software

» Forex Bastards

» Ernest Chan