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Archive for September, 2009

You always have to be careful of Fridays. I know many traders who don’t even trade on Fridays. One reason is many traders leave early and markets often become slow and choppy. My reason for being careful on Friday’s is more because of the emotional side. Why? Because it’s the end of the week, you [...]

No trades today. I was hoping for a sell signal shortly after the open, but did not get it and then market went into chop mode. It was too bad, because the market did go down a little and it would’ve been profitable, but oh well.  I also ended the day early as it was [...]

Losing streak gone. Drought is over! 2 trades today on the e-mini Nasdaq. 1 winner, 1 loser. The winner was a nice big win, so overall nicely positive. Today was also a better trading day than it has been the past few days. Market actually had some life. Strong movements up and down rather than [...]

Alright, when is this losing streak going to end?! I had another negative trade today, just 1 trade. I guess I can say I’m in an e-mini drought!  Today ended up being a nice up day overall for the market, but the first 2 hours or so of trading was torture. Very tight range bound [...]

For those of you who keep track of financial news after market hours the buzz last night and this morning has been all about Apple. What’s the buzz? There’s been news of some possible accounting rule changes that would benefit Apple for some time now, but what really put it under the spotlight is Mad Money’s [...]

The way market opened today, I really thought I was going to have a monster trade. I got into a position market looked strong, but after putting me in a little profit, it lost its energy and started to fall back down. Overall, I had 2 trades and finished the day negative. It’s been a [...]

It is essential for new traders and traders just starting out to understand and know the emotional side of trading losses. Let me make one thing clear. There is absolutely no way you can avoid losses. A losing trader has losses and a profitable winning trader has losses. What is the difference?
The difference is in [...]

Hello everyone! Hope you all had a good weekend. Alright, I’m really confused. Is it September? or we still in mid July/August or something? It seems like markets barely want to move these days. I had 1 trade today, just stopped me out before moving in the profitable direction and delivering some decent profits. I believe this [...]

For the first 2 hours, the market was stuck in a tight 6-7 point range (Emini ES & NQ). It is amazing just thinking about how the market conditions changes. Last year around this time the markets were going crazy big swing moves up and down, lots of volatility. Now we have many days where markets barely [...]

Just 1 trade today. Stopped out. It was an interesting day, started out very choppy, up and down then seemed like market died for about 2-3 hours then there was a few more up and down sharp moves and that was the day. Overall an up day, but mostly slow and choppy except bursts of [...]


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