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Short term trading is a bitch.

Its where I have always made money in the market, but its not humanly possible to do long term unless you have a intimate understanding of market movements.

Otherwise... you eventually get the individual disasters.

My recent one was when the Optus cable was cut, I wanted to short the Energy Index that morning, I couldn't be bothered picking up the phone and when i got internet access it was down a few hundred points and I thought meh just wait for a bit. It never came back. Huge opertunity loss.

Medium -> Longterm trading is where the big bucks and you also don't give yourself the opertunity to make stupid errors. However taking such positions with big leverage and managing risk at the same time is a real difficult task to do, its not easy, you need to wait for the right opertunities which takes a lot of time and then you got to make sure you act on them.

My general flaws are:

- Lacklustre in pulling the tigger
- Managing risk to aggresively
- Compounding positions to soon and adding to much


Essentially what I have learn is when you find a opertunity just sacrafice a few darn points, do the bloody trade, set your stop at a level where if it gets taken you know you where wrong and try not to look at the market to much.

Looking at the market to much trying to do medium term trades just kills you, i.e. you lose patience. I have a human weakness that when I do that I just get suckered back into short term trades and blow the whole strategy apart.

Anyway I am just saying blah now.