Long position of Dow Mini was established above the 9:00am (chicago time)reversal down candle. I decided to closed the trade at break even point as I do not like to see a doji immediately after the initial entry candle. Secondly, given the consideration of Core CPI report which is due tomorrow, it might limit the […]
Blog and Rants
Dummy day trading #11 15-August-2006:E-mini S&P:Long trade closed
First trade of the day was a loss, and I was a loser. However, I deserved the loss. It was the result of lack of discipline to follow my trading rules, that is never enter a trade during the first hour of stocks market opening. I was eager to enter Long trade of E-mini S&P […]
TraderFeed: What Trading Teaches Us About Life
Here are 10 life lessons from learnt from trading – If you have not read Brett Steenbarger's latest posting , you better do. It is just great. I quote the 10 lessons stated by Brett here. 1) Have a firm stop-loss point for all activities: jobs, relationships, and personal involvements. Successful people are successful because […]
SIMSCI trading journal migration completed
I have finished moving all my SIMSCI (MSCI Singapore Free Index) futures trading journal from my old blog (clogspot). It is located in SIMSCI category. Another way is reading my June Archive . I started SIMSCI day trading since end of May. SIMSCI trades are important to me during the development as a futures day […]
Snapshot of index futures 14-August-2006
This is the business we have chosen ~ The GodFather, the movie It was a lousy day of bulls for stocks indices. I did not have any set up to trade. Dow,Nasdaq and S&P were showing the same pattern. To be frank, I was tempted to enter Long position and I was a bit frustrated […]
Dummy day trading #10 14-August-2006:Mini Gold: Short trade closed
That was not so nice to start the week with a loss. Short position of GOLD was established below 8:00am (chicago time) reversal up bar. And I was stopped out by the very next candle. Nothing much to write about this trade. The possible mistake might be, the reversal up bar was in fact closed […]
