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Thank God it’s Friday!-Minimal Trading day

August 30, 2008 by admin 

There is not much to write today because I have my own “trader’s rule”

and that is: NO TRADE on FRIDAY

Here is my justification:

1. I saw in one experienced trader’s blog once, that it is not advisable to trade on Friday.

2. No. 1 was backed by my own experience so far:

a. Friday is usually a wrap up of the week’s Economic performance for EU and the US, market can be highly unpredictable.

b. Friday’s open long trade, can continue till next week (unclosed) and God knows what happen when something big (Government announcement ETC) during the weekend.. Monday’s and Tuesday would not look as good a trend as the week before…

But I took a little gamble and was LUCKY to wake up (yes I was taking a nap) at the right time to close it when it was USD5 plus profit.. I know its small, but after a few hours, the EURUSD was going Downhill drastically!

Lucky me!

So I closed the week With these result for Bogie-nn-v8:

Total profit: USD596.68

Total Trades: 9

Winning Trade: 8

Losing Trade: 1

It was a Good Week!

Well TGIF! No Trading on Fridays for me…

Happy Weekend and have a good rest!

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