OK: Another fantastic trending day with some very nice setups. Did I captilize on these opportunities. On some of them yes, on all of them no. I gave back a good portion of profits between 10:30-12:00. I'm basically breaking even day in day out. Nothing to write home about. My goal when things are in order is to make 1K-2K /per day consistently. I'm pretty confident I'll reach this goal but it is not going to happen in the next few months. Observations ----------------- ** @ 13:00 you could have bet the house on the Grail Setup (my mom can trade this setup) ** Did not understand we were in trend mode until 11:30. Better late than never I guess. If I was on my game it would have clicked much earlier. ** Lost quite a bit of money counter-trend scalping. This has to be stopped. ** Made a few trades between trading ranges. This also has to be stopped. ** I know where I want to go and what I need to do to get there. It will take some time. Things are slowly beggining to align. Net profit = $505.60 Account Balance = $9535.8
This is me trading the last six months. P.S anyone using Visual Option Analyzer. I'm having problems downloading the .opt files. Thanks ozzy
Incredible move in the morning (ER2). Some people must be making a killing. Made some unbelievable mistakes today so far. Went big at 688.8 (Yesterday's Pivot) and recovered my losses. * I think I've lost the drive to trade for the time being. * Trading is extremely sloppy. * Killing time before I move I guess. * Up $125 at the moment. I'm going to try to pull out 1K+ today. * If I was on this should have been a 4K day (using 4 contracts). * Currently thinking long. Fibonacci retracement about to kick in (looking for (0.382) 672.9 minimum and possibly (0.5) 674.4)? ozzy P.S yes I know 0.5 is not a Fibonacci Number but nonetheless still an important number. P.P.S - I'm buying all dips at the moment.
ozz I caught it short from the open Took $$$ at 669.00 but still holding for 662.50 target I doubt it will hit today but ya never know!!!
Nice Move!! But I would cover. I think its going back to 674 IMO After that the crystal ball gets cloudy.