Friday June 22nd, 2007 - Trading Lesson

Always a lesson to be learned!
Today was a tough day for sure, and this morning it started out much the same way as yesterday… BADLY! It was at this point that I finally said enough, I had to find out what on earth was going on!
My trading method is based purely on statistics and probabilities […]

Thursday June 21st, 2007 Trade Summary

Closed trades for June 21, 2007:
Like everything, all good things come to an end, even 7 week
winning streaks! Today they found me, held me up by the ankles and
shook for all they were worth! By the time it was over I was down
close to 2 thousand dollars.
What a day! I know, I know, that sounds […]

Wednesday June 20th, 2007 Trade Summary

Closed trades for June 20, 2007:
Well I hit my daily profit goal of 750.00 by 10:30 am! That sure
doesn’t happen often! Platform was shut off by 10:35 after making
sure I had no working orders.
Besides PATIENCE, DISCIPLINE is extremely important! My target for
the day was reached, so I honoured it and closed off trading for
the rest […]

Tuesday June 19th, 2007 Trade Summary

Closed trades for June 19, 2007:
This is now starting to border on the ridiculous; signals are an
extremely rare occurance lately! PATIENCE! PATIENCE! PATIENCE!
The good news is at least account balances are moving forward.
Today we only had one signal in the Russell worth taking. The
others that setup were over the lunch hour while I was stuffing […]

Monday June 18th, 2007 Trade Summary

Closed trades for June 18th, 2007:
How slow can you go?
The market sure didn’t have much get up and go today. Dow pretty
much hovered around the unchanged mark, as did the S&P 500 and
Russell 2000 indexes. Market internals were also flat.
When the market feels it’s in its happy place and doesn’t want to
move, who am I […]