Ouch…….

I woke up this morning to note that my short term positions in gold and silver had been knocked out by a spike overnight. This meant that the last pyamid position was a loss and because I run a wide stop the overall position was just a bit better than breakeven and I thought…bugger. Then…

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Success

When I first went to university the initial week was filled with the usual getting to know the lay of the land such as how the library works (in a surprisingly mysterious way I might add), where various labs where and what the protocol for various subjects was. One of the most striking events was…

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Bias

One of the interesting things about trading is its inherent simplicity – you simply have to have some form of mechanism for gauging what the current bias of market participants is. They are either predominantly bullish or bearish – once you work that out the rest is padding to make yourself feel clever. However, there…

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