Let?s get it straight forward. I earned some money today. But, the problem is, according to plan, I should have earned more. Instead of closing the day with 3.5-R profit, I should have closed it with 5-R or maybe a little bit more. Dow mini trade was the mistake of the day. I again closed […]
Blog and Rants
Dummy day trading #15 16-August-2006:E-mini Nasdaq:Long trade closed
This is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this […]
Dummy day trading #14 16-August-2006:Dow Mini:Long trade closed
It was another bullish day, and it was indeed a repeat of tuesday’s session. S&P, Dow Mini as well as Nasdaq were having nice dummy set up. Long position of Dow mini was established above 9am(chicago time) candle. It was a very slow trade. Position was closed at 11309, and I have left E-mini Nasdaq […]
Postmortem 15-August-2006
The worst mistake a trader can make is the mistake that producing profitable results. Yesterday?s trading was the worst session since I?ve started day trading. It was the worst performance, though no financial damage. I did not have huge loss, instead I ended the day in black. Few mistakes were made yesterday. E-mini S&P trade, […]
Change in link address
Thanks Jay from bannronn.com for notifying me about the inconsistency of my site URL. I have since made the change.There should not be any problem for reader to access my blog. However, for those who are kind enough to add me into their blogroll , please do me a favour by changing my URL from […]
Dummy day trading #13 15-August-2006:E-Mini Nasdaq:Long trade closed
This is the last trade of the day. Long position of E-mini Nasdaq was established above 9am(chicago time) reversal down candle. Trailing stop was moved to break even after 1-R gain. Subseqently, I did not wait for 2-R gain and decided to closed the trade with 1-R profit with the same consideration as Dow mini […]
