About this Week & Another Top Score

Well, Danny V blew past the previous high score! These are some impressive results that are coming in.

This was a perfect week to be playing video games online, and avoiding trading in the short term. If you are a short term, EUR or NY session trader, it was a tough week. Maybe you ended the week profitable, but we simply didn't get the breakouts that we have been getting recently. There are reasonable explanations for all of this, but the point is really that some weeks are going to be better for trading than others.

Here's Danny's high score on the Biz-Nizzle Card Game:

Happy Trading! Next week should be much better. Watch for more USD strength in advance of the FOMC rate hike the last week this month.

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Hot Times! Hot Scoring!

Mike M, from who knows where, scored 201 on the Biz-Nizzle Card Game! That is a hot score!

Way to go, Mikey! I am sending Mike a copy of Kathy Lien's book, Day Trading the Currency Market. If he already has Kathy's book, he is now going to have two copies! Wooohoo! One for the bathroom!

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The Biz-Nizzle Card Game

If you're looking for something to do while your trade is open and you don't want to touch it, then the business card game is for you.

card_homepage.jpg

http://games.robbooker.com

The highest score I've seen so far is 67 (by me). If you can get higher than 200, I have a special prize for you (and it is not a lame prize). Send in a screen shot if you can do it. If I get there first, I'll post it here. Enjoy!

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Watch Out: Trading Euphoria

A lot of people have done well trading the short term systems this week and I've received a lot of email from people who are really impressed with their own performance. In one of the chats that I was in this morning, I heard someone say, "We all have to watch out for ourselves. We're getting a bit euphoric about all of this, and that can lead to problems later."

When we have trading euphoria, we start to trade huge lot sizes, take too many trades, and we do it all because we think that we are unstoppable. And we feel like we have a bunch of pips that we just earned, and we're going to take those pips out for a ride. Next thing you know, we've ridden them to the garbage dump.

Keep your gains! Keep your gains! Gaining pips is easy. Keeping them is tough.

Continue reading "Watch Out: Trading Euphoria" »

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