Learning to trade

Discussion in 'Journals' started by mgabriel01, Feb 18, 2008.

  1. ok - after this one Im gonna stop

    y'all can read the rest on the CBOT site


    Gaps are created for these main reasons:

    1. To move the market in such a way as to cause the most pain to the greatest amount of traders as possible.
    2. To keep as many people possible out of the move.
    3. Or, to be used as a fishing expedition for suckers.
    4. Reaction to overnight news.
     
    #21     Mar 1, 2008
  2. Gap Data for February

    Opening Gap Summary
    Count Profit @ Exit Max Profit (potential)

    Winners 4 $1,065 $3,665
    Losers 4 ($984) ($984)
    Draws
    Total $81 $2,681



    needless to say there is no way to collect the 'entire' additional 2600 bucks as profit --- but not exiting automatically at the fill would have yielded extra money in Feb
     
    #22     Mar 2, 2008
  3. + $85 on 1 paper trade

    took 1/3 of the possible gain and got out

    happy - the trade was on the plan
     
    #23     Mar 3, 2008
  4. got busy elsewhere and did not post trades

    Today +125 on 2 trades
    Yesterday 0 on one trade - never filled the order
    Wed - 125 on 1 trade
    Tues -- +90


    net postive
    start small
    did alot of watching on a few setups that I chose not to take --- my conclusion so far is this is not a prediction game but it is a numbers game
     
    #24     Mar 7, 2008