Friday, 26 December 2008

30th September

Hi John

Today I did not feel confident to trade my serious account – too many distractions with my son building flat pack cupboards and general noise - and so kept back and traded my high risk one and although I made a monumental loss to start with I ended up after three trades and well ahead with a 38 pip on the cable as my last trade. The high risk is to see how my nerves hold, and when to bale out.

I have to admit that I made a few smaller pip amounts to recover my initial high loss of 25 pips and then after two smaller trades I was able to make the 38 pip trade on the cable. I’ve got two monitors and while I work I watch the charts. I did learn one thing today and that is my loss trades happened because I got into the trades too late. The dollar was climbing great guns and I thought it would continue even after I checked the trend and signs but I got in right at the end when there was a leveling off so I learned not to get into a trade when it’s well under way.

I have not looked at the 1 minute charts since I spoke to you. Keeping to the 5 minute and checking the hourly one as well. As my job is computer based from 9 till 5 anyway I can easily do short term trades and have more than one monitor up. I’m definitely a screen watcher and would like to achieve my goal during my work hours and then pack it away at night unless I’m home alone with little to do.

Hope you enjoyed your time with your children. I am so looking forward to the course with you in your home in France. Putting money away each month to cover the cost. Even though the course is amazing I find just a few minutes on the phone to you brings so much home that is also in the course but to be able to discuss it with you gives me the confidence I need to continue.

Have a good one, its miserable here. Kind regards - Desiree

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