This is the first journal that I have come across where the new journey is well planned. I am excited!
Getting old, those urges to piss while I sleep are not cool As soon as 1260 is touched I will adjust the stop to entry + 1 tick. Joe
Sim Trade did not work, got stopped at 35. This is good news, no beginner's luck! hah Still studying and integrating NT with IB, so much to configure and learn. Joe
I had expressed interest in buying AT&T long term but smallish as a way to get my feet wet with investments provinding high yields. Bought that position today in cash, what an excitement Have not completed the NT/IB integration yet so presenting the IB timestamp of the purchase. Behold the humongous sizing my friends! Back to studying. Joe
Congrats on pulling the trigger in cash today Joe, a very big first step. Proper sizing too considering everything, remember to treat investments differently than trading. I'm also a supporter of fixed income instruments. Other suggestions to consider for proper diversification: MO, PG, DUK, INTC, XOM, JNJ, GE, and many others. Smaller size, bigger stops, in my VERY humble opinion, dollar cost averaging in solid long term investments is very much acceptable but not in trading. A pleasure to read your journal, can't wait to see what the future holds for you. FoN
http://fw.chartsnchat.com/ .....scroll down to just above halfway on the scroll meter on the right side,it will say.. new, FW CHARTS...... DOWNLOAD AND WATCH/LISTEN..this guy has this chart up everyday,all day and does an hour every nite at 7 pm reviewing the day and talking about tomorrow,... he shows how to read/implement the programs..you can recreate if need be but i think he has nailed it..this is one of 4 or 5 market tools available at tos for free to clients
As per my investment plan to improve long term capital investments using high yields, bought a monstrous position today in MO. Waited for the close to do it as I was witnessing an extreme sell off, did not want to get in the way of such momentum. The experts say buy low sell high, for long term holds, I definitely agree. Hold time > 1 year. Joe