Tag Archives: bad trade

Bought/Sold 250 TCK.B.TO @ $34.10/$33.68, Loss -1.2%

By Paul | Published: June 28, 2010
What I thought would be an intermediate term hold turns out to have lasted mere minutes.  I bought Teck Cominco (TCK.B.TO) after a small bounce at $34 support during lunch today.  Figure 1 shows the clear support level.  Also note the fact that my recent shorts haven’t been working, so I thought I would go [...]
Posted in Stocks | Also tagged entry, exit, Mining, TCK.TO | Leave a comment

Sold 4 MFC 10OCT Puts 17.00 @ @1.43, Mark $16.27, Loss -0.5%

By Paul | Published: June 28, 2010
Not much is happening in the market as it is trading in a tight range.  This is not good for my options as the time delta will slowly eating away my premium.  So I’ve decided to unload this position at a small loss just now as the market is testing support across the board. The [...]
Posted in Stocks | Also tagged exit, financial, MFC.TO, options | 1 Comment

Paper trade: Stopped USDCAD short @ 1.0540 for +131 pips

By Paul | Published: February 15, 2010
Finally a profitable trade in my USDCAD short after being stopped out a few times. My decision last week to hold this for longer after USDCAD touched my target paid off.  I moved my stop closer last Thursday evening and the order got filled on Friday. However, as I type this on the following Monday, [...]
Posted in Aussie, Kiwi, Loonie | Also tagged CAD, exit, paper trade, short, USD | Leave a comment

Early bird does not get the worm in forex trading

By Paul | Published: January 8, 2010
[This post was updated on January 13, see addendum below.] I have discussed my enthusiasm in shorting the Aussie a few times this week.  First trade was shorting AUD/JPY at 84.53.  After that got stopped out, I re-tried at the same level the next day.  My trade history in this currency pair is shown in [...]
Posted in Self Assessment, Trading Psychology, Trading Strategy | Also tagged entry, exit | Leave a comment

My bad EUR/USD day trading and what to do about it

By Paul | Published: November 14, 2009
I’ve stayed home from work this week because of the flu.  So with spare time on my hands, I had the urge to experiment with day trading the forex market.  Bad decision.  After a good 3-4 days of day trading EUR/USD with my demo account, here is what I have to show as illustrated in [...]
Posted in Major Pairs, Self Assessment | Also tagged day trading, paper trade | Leave a comment

An undisciplined trade: Shorted EUR/USD @ 1.499, stopped 1.505 (-62 pips)

By Paul | Published: October 26, 2009
I started to doubt this move mere minutes after placing it, which rarely happens.  And not because of the price action.  It was solely for my reasoning for this trade.  On a quick mental review of this entry, I noticed that they sounded more like excuses than reasons.  First sign of it was that I [...]
Posted in Major Pairs, Self Assessment | Also tagged entry, EUR, exit, paper trade, short, USD | Leave a comment