Interesting question.
If the setup of a good trade is identical in appearance to the setup of a bad one, if we are to make the decision to trade the crystal ball is where its at.
Surely, every time we trade, except when fully automated, we are exercising our own judjement as to the final outcome.
I was guilty of procrastination (or was it simple disbelief in my own omnipotence) only today.
I looked at the history, had already checked the economic diary and said to myself "It will either go up by about eighty points or it will go down".
I thought it would go up but chickened out.
On checking forty minutes later, it had gone up by ninety one points, then fallen back a bit.
So my prediction was good for numbers but I had reckoned on a much longer time frame so hadn't backed it.
This has happened to me more times than I am happy with.
I'm no ace trader. I've been at it for less than a year and spread bet. In my defence for the past few weeks I have been pulling 80pts per day, using no more than two trades per day, with a pot of under £1000.
Is this an encouraging sign of actually beginning to get the act in gear? Will my skills go up or down?
I will not speculate with skills I can't afford to lose.
Rather a rambling post I'm afraid but it may stir a few memories among the more experienced and skilled speculators among us
