In: Trading
30 Nov 2009Last day trading day of the month. You want to be careful. Not give back any gains and follow your trading plan. We are up nicely for the month and had 1 small profitable trade today. Total gains for the month are at around 31.75 points profit. You can times that by $20 times the [...]
In: Trading
26 Nov 2009Enjoy the days off and spend time with family. Remember you need to get away from trading on small day trading vacations like this. Why? It’s healthy for you, your family and for your trading. Staying away from charts and trading for a few days can help you focus and come back with a more disciplined [...]
In: Trading
25 Nov 2009One day before Thanksgiving. Turned out to be a slow, low volume day. Just 1 trade and stopped out. We had a busy news day today, but unfortunately the markets didn’t want to move much. Many traders are probably taking the day off to get to their travel destinations. We are still up nicely for [...]
In: Trading
24 Nov 2009Just 1 nicely profitable trade today. Fairly tight range bound day, but we managed to get some profits out of the market and add to our gains for the month. In trading there are days and times when you could be in a very profitable trade, but you actually end up closing the trade with [...]
In: Trading
23 Nov 2009The start of a shortened trading week. 1 losing trade today. The trade looked good and conditions were favorable, but it didn’t work out. One of the most emotional things that happen in trading is when you have a trade where you feel good about it, but it does not work out. You have to [...]
In: Trading
20 Nov 2009Talk about a choppy day! The very tight range movement from yesterday afternoon continued onto today and the market was stuck in a very short range bound movement. We had just 1 trade and stopped out. Days like this, having just 1 trade and quitting for the day because of a stop loss is a blessing. [...]
In: Trading
19 Nov 2009Big drop in the market today. We had just 1 trade, stopped out. It’s OK, we’ve had 3 straight winning days so far this week, had a feeling a give back was coming up. Trading is all about a numbers game, never forget that. After the big drop in the morning, most of the afternoon [...]
In: Trading
18 Nov 20091 profitable trade. We’ve had 3 straight days of winning trades so far this week. Our trade today went against us for about 2 points before dropping down and putting us back into good profit. Most of our traders got out with more profit, but we exited the trade at around 5 points profit. It [...]
In: Trading
17 Nov 2009Just 1 trade today, profitable. Today’s trade took some patience. We had to wait quite some time before we got a confirmed trade. After taking the trade, it went against us for a point or 2 before turning around and giving us some profits. We closed off the trade for about 5 or so points [...]
In: Trading
16 Nov 2009Just 1 trade today. Nicely profitable! We had many of our free trial members take the trade in their simulator account and wished they had taken it live. I kept assuring them that as a free trial member, their goal is to get comfortable and see how we call and get into trades. After they [...]
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