One 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 the month and will not be trading this Thursday and Friday. Our trading shall resume Monday, November 30th. Hope everyone has a great Thanksgiving!

Just 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 less profit. This is Okay, you’re trade exit conditions have to be met in order to exit. Do not let yourself get emotional over what you could have had. That will always keep you in the past.

The 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 make sure to bring your emotions under control and not allow them to disrupt yoru trading and force you to make  bad decisions. Overall, Monday was a slow news day with just the release of existing home sales.

Talk 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. Most new traders lose money on days like this because they keep taking trades waiting for a breakout and a big move. The move never comes and they lose on trade after trade. This is why you must have a money management plan to help you protect your account.

Big 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 was pretty slow and in a tight range bound movement. The sentiment stayed to the downside for the whole day and did not even look to reverse.

1 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 was a great trade. It is very important to understand the meaning of follow your plan. If you get into a trade and you have your stop loss set. You should not over analyze and try to change your plans. Stick with the trade and let the odds work for you. If your strategy puts the odds on your side, you will come out on top at the end.

Just 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 profit. Even small gains count, we are up nicely for the month and there’s nothing wrong with getting base hits. Overall, it was a pretty tight range day in the markets. Not a big movement in either direction. So we’re glad to have gotten what we did.

Just 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 have become a member, they will have plenty of opportunities where they can take big winning trades with us. We had some early news release today about retail sales and it sparked the market up and we had an overall up day.

It is Friday the 13th for those of you who are superstitious. Just 1 trade today. Stopped out. We had some news release with initial negative reaction, but that didn’t last long and the market turned around and flew up higher. It’s amazing how the market has turned around after some big drops towards the end of last month. Some of those drops had real volume behind them and many people predicted a move down toward the lows again, but nope! Look at the turnaround now in November. This rally is still in place seems like.

No trades today. There was several close call opportunities for a trade, but did not confirm and trade was not taken. Hindsight shows we are glad they did not confirm as it was a pretty choppy trading day without much movement.