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Archive for September, 2009

Let me tell you something about successful traders and successful trading! To become a profitable successful trader, you need to follow your trading plan. Come in everyday and do the same thing over and over again! Follow your plan and you will be rewarded! You cannot steer away from your trading plan because it’s not [...]

How many people saw the immediate market reaction when the consumer confidence news came out? It was bad. I really thought it was going to be a bloody day. Big drop everywhere. The consumer confidence basically said what we all believe – the economy sucks. Everything is down, people’s interest in buying a new car [...]

Second to last day of the trading month and I had another negative day. Just 1 trade, stopped out. I thought I had a nice trade, even went in my direction, but guess what? After stopping me out with a few tics! Those trades hurt the most, you get stopped out, then the market goes [...]

Beautiful move up today! Sort of reminded me of last Thursday except I didn’t get much of this today! Yea yea, I know, bothers me, but oh well! Can’t have ‘em all. I had 1 trade on the E-mini NASDAQ (NQ) and was stopped out and that was it for my e-mini trading today. The [...]

When you come off of days with nice big moves, you sort of forget the markets can actually die. I was expecting at least something on this wonderful Friday, but nothing. No trades today. It is amazing how choppy today’s open was compared with yesterday. The e-mini S&P 500 was in between a 6 or [...]

Jobless Claims is Down

In: News

24 Sep 2009

Even though the market dropped big today, we had at least this piece of “good” news information. Initial jobless claims has dropped now for the 3rd straight week to around 530,000. I guess this is “good” news because less people lost their jobs, but overall still bad in my opinion. That’s over half a million [...]

Ahh! What a day! I love day trading! It is days like this that make you fall in love with your day trading career. I had 2 trades today and both of them amazingly profitable! I was on a string of losses and nothing feels better than getting a trade that makes up for a [...]

Alright, I’m starting to feel this will end up being a negative month for sure. Unless I get some nice trades in the next five days, my e-mini NQ trading is down this month. Today ended up being another negative day. I wasn’t expecting much from today’s early trading, although at times there are some good [...]

Negative day today. 2 trades and both wound up being losses. I’m really not liking the trades I’m getting this month. Come on market, work with me!! I know I cannot impose my will on the market and it is dangerous to do that, I’m just asking for the market to give me some better trades. [...]

Just 1 trade today. Stopped out and ended my trading on the E-mini NQ. It was an interesting trade, I got a short signal, market internals looked pretty negative, but still market went up and up and I was taken out. This shows you, that you don’t and should not trade your beliefs. I was [...]


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