I have found out that demo accounts let you trade unlimited contracts. I accidently sent 40 contracts through at mkt...and made money($1200). So for the sake of keeping it real I will count today a scratch. Nothing done, nothing gained or lost. Nice trendy day lost...bummer
Happy Valentines day....nice and red as it should be. 2 trades today. Sld 1 a little early..bot it back. then sld 1 more. Stayed short the entire day and holding it. Have GTC OCO order in to stop out at 71.75 and limit @ 40.25. I have a feeling the mkt will resolved itself of this little symetrical continuation pattern and I want to try and capitalize on any possible follow through. Done for the day.... --------------------------------------------------------------------------
Covered my short from 65.25 this morn @ 1347.25..+$890.80 NET Will be sitting on hands today unless they crack that daily trendline either way.... --------------------------------------------------------------------------------
Tough day for me. Was in the hole straight away then plugged back. Trendlines, support and resistance all working pretty good but moves too small for me to really capitalize properly..gonna shut down and be happy with what Mr mkt gave me. Done for day $108.60 net. ---------------------------------------------------------------------------------
Relative strength of thirty year yield versus $spx. Red is $spx. Green is RS of the TYX vs SPX with a 24 week simpleMA. The plunge may have just begun. ----------------------------------------------------------------
coincise introspective post. thought out and simply written insights will surely be focal point of your journal, least to me. thx
Freakin OEC is killing me. I opened a new chart this morning and they have this function called "order attaching" if I do not disable it it will trigger stops away from the mkt on the 9:30est open. So The thing sells 2 cars on me straight away and of course they run them and I get stopped. Anyway..would have been a better morning if not for that crap. I have some things to do so will not be trading for the rest of the day. $575.70net. -------------------------------------------------------------------- -------------------------------------------------------------------- I have no system..no edge..no nothing. These work for me. You must find out what works for you. Entry - Find a pattern and bracket stops. Always enter using stops...I cannot effectively choose a direction so I will let the mkt dictate. Management - Once in a trade set stops and targets at 1/3 RR..and sit on hands. I have watched more trades go my way after taking profits prematurely than I care to discuss. This is the hardest rule to follow. BUT, the most important for me. BTW, one of the reasons I love exiting on targets is because it is usually a long bar. I have experimmented with trailing stops and hate them. Giving back to get makes me sick... Time frame - Trade your time frame only. Trying to get cute by calculating levels on the Daily and applying them to the 5 minutes does not work for me. The daily is fine for referance..but that is all. "move like a jellyfish...rythem means nothing..go with the flow you dont stop" Jack Johnson.
This is the way things should be. Sitting at my dining room table..drinking coffee...watching the snow fall as I let the market take me where it goes. Done for the day..$972.40 net. Time to take the kid for a walk around the snowy neighborhood in a four wheel drive wagon! -------------------------------------------------------------------
Started off in the hole....stayed in the hole pretty deep. Then pyramided aggressively into the rally. A mere flesh wound all things considered. Not closer to going live today...but closer that I was when I started the journal -$337.3 NET..churned butter..would have been better off flipping a coin today. Thrice my normal volume...and it shows. New rule for me today. If I lose 4 trades in a row my day is over. ------------------------------------------------------------------------