I started this thread as a way to better educate myself as a trader. I fell that putting my trades in writing for all to see, will help me to become a better trader. And I very much will appreciate your comments and thoughts. I'll give you a little history on me so you can better understand where I come from. I am very much a newbie at trading having just started last summer trading futures. I don't have a lot of money to start with, but I STILL belive that i will be successfully in the long run, as I NEVER give up once I set my mind to something. I was break even at best, and was plugging along when I came across Future Wise Trading Group (I'm sure most of you know the story with them ) and I lost all of my trading capital. Still hoping I will get it back, but not holding my breath. I was able to scrape together a couple of grand and opened a Datek account to trade options. I like option, because they let me trade a lot smaller (I like 2 to 4 contracts) than futures with less risk. I like to trade the front months with a 2 day to three week time frame. I still have been break even at best with little draw down. I just recently switched to IB for the MUCH lower commission for the type of trading I do. My first 2 trades were last Thursday. They were 4 May Q $5 puts @ .45 and 4 May PII $70 call @ $3.50. The biggest reason I started this journal was because today, I broke one of my trading rules, I let $400 in profit (in PII) turn into $400 in loss. I should have put a stop order in for $4.50 this morning, but I thought that it was going to jump again today, and I didn't want to get stopped out. (Lesson learned AGAIN!!) I still belive they are going to come back, because the fundamentals are still there, so I will hold them a little longer, until the market proves me wrong, or the fundamentals change. I don't trade for a living, I am no where near ready for that, but some day, maybe. I only get to trade for the first 5 to 10 minutes as I have to leave for work. I still turn wrenches for a "real job." I welcome all of you comments and suggestions, as it can only help me to be the best trader I can be. I will continue to post all of my trades from hear on out. Thank you for your help.