Prelude

I really got a few things badly wrong.  I have now realised my mistakes and am ready to trade properly but think that the aid of a proper diary of my doing will make it clear for me to see what I am doing.

Now a couple of things. I made a horrible call on gold.  Just so immensely supid, I traded a short term trade and turned it into a long term loss.  Rule 101 don't be an idiot.

So here are a couple of things that I now know that I need to do a couple of things.  The first is to formulate a set of Rules.

These rules can be constantly tweaked and that is ok.  Also I have to remember you don't have to be right the whole time, you just have to get out of bad trades well.  And that is what I intend to do.  I have to learn patience and not sit in front of a fucking computer all day.  There is always a temptation to do something out of sheer boredom, especially if you are watching small price movements.

One of the best books I ever read, with one of the most horrible titles ever was how to get rich quick.  I know I know it's awful.  I found it in my Dad's bookshelf and read it when I was about 16.  Anyway to make a long story short there was a guy.  He was an actor.  He started out and screwed everything up, much like I am doing right now.  He was watching everything too closely.  He wasn't giving it all enough time to breath to readjust.

As we all know - nothing goes up in a linear fashion.  It goes up, hits a high, comes back down, tests a low, goes back up again until it either moves into a higher band or into a lower band.  A trend can start, if something goes sideways for too long, it is very possible that it is going to tank if it is at a high, or go up if it is at a low.  it reaches its threshhold.

Now it's funny I have been doing this for yearss.  I have known all this stuff for a while but it is more own fear and nervousness that stops me from performing well.  Well my friends that is about to trade.  So if I stop out of what I have now.  I am going to make one final attempt with 2000 pounds to prove my theory.  I will write every day and see where it gets me.  If I get it right great, if not I will have a public account of exactly I got wrong and either way I can learn from it.  That is my misssion at the moment.