Monday, August 25, 2008

Starting Up

I started trading in December, which I learned quickly, is not a good month to trade. Many traders take December off, which creates low volume, which equals low volatility, which is bad for the types of trades I do. I traded for a couple weeks and took the rest of December off.

When I started again in January, I learned that the KISS methods definitely work, but my mind wasn't in the right place. I would have several successful trades, followed by several unsuccessful trades. This created a lot of stress for me even though I was on a simulator not risking any real money. As a newbie, I made a lot of mistakes reading the indicators, but some trades would work still, which caused me to make further trades where the KISS indicators didn't match up. After several weeks of doing this, I came to the obvious conclusion that I needed to stay with the KISS methods. As I tried to exclusively trade using the KISSystem methods, I noticed I was making a lot more good trades and the ratio of good to bad trades was heavily in my favor.

At the end of February I commenced opening a trader's account with a brokerage to start making trades with real money.

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