When I wake up in the morning in Singapore, I see Straits Time Index dropped -157.74, the biggest one day loss I have ever seen since I started trading (It shows I am still young huh). and I see overnight NQ lost -87, YM lost -482. World stock markets plunged on Tuesday as fears about […]
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Dummy day trading #58 27-Feb-2007: NQ Short trade closed
Short position of NQ was established around 1116am. I did not expect too much out of this trade as we have a big gap down which took out yesterday’s low as well as last week’s low. Cash market has been losing more than -40 points. The real profit started from premarket , too bad, I […]
Quote from Michael Marcus
Michael Marcus mentioned some important rules in Market Wizards: Interviews with Top Traders. Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay the losers. You also have to […]
Trend Table 27-Feb-2007
I am back to my trading desk. Here is the latest trend table. [photopress:TrendTable27Feb2007.PNG,full,alignleft]
