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RE: SIMSCI 05-June-2006 : Potential Short: Trade closed

by Gav Leave a Comment

[photopress:simsci_12_min_full_day.jpg,full,pp_image]
Trailing stop was moved to break even point when low of 284.6 is achieved. I was tempted to take profit, however, I decided to have a perfect execution of my plan without any emotional factor. Holding on the position with nearly 0 risk involved. I would admit that, it is tough to resist temptation of profit taking. However, treat this as a challege, to resist temptation is fun. This is part of enjoyment when trading the market. I enjoy the fun of market challege. By 350pm, my position is in-the-money. I have moved my trailing stop to 285.2.

Trade was closed at 355pm with exit at 285 after seeing a positive divergence of RSI in 9-min chart and a trend line break of RSI oversold zone in 12-min chart. Again, I might be missing bigger profit, in fact I was missing out bigger profit in this trade! However, the objective here is to capture the movement caused by market sentiment and profit from it. That is my trading. Gain +0.6. Tiny but sweet.

I have put myself into the challege. I have set a target of 26 points gain in SIMSCI trading at the end of this month. I hope this is not unreasonable. I am not interested in competing, this is the fun of challenging myself.

Filed Under: Rant Tagged With: SIMSCI

Reader Interactions

Comments

  1. Anonymous says

    at 9:04 am

    Hey Gav, nice chart you have there. May i know what software it is?
    Thanks.
    VK

    Reply
  2. Anonymous says

    at 3:04 pm

    Hey Gav, nice chart you have there. May i know what software it is?
    Thanks.
    VK

    Reply
  3. Gav says

    at 9:14 am

    Hi VK,
    I am using chart from my broker. No specific software.

    Gav

    Reply
  4. Gav says

    at 3:14 pm

    Hi VK,
    I am using chart from my broker. No specific software.

    Gav

    Reply
  5. Anonymous says

    at 1:34 pm

    Hey Gav,

    I’m using POEMS. They don’t seem to offer such nice charts. May I know which broker you’re with?
    Thanks.
    VK

    Reply
  6. Anonymous says

    at 7:34 pm

    Hey Gav,

    I’m using POEMS. They don’t seem to offer such nice charts. May I know which broker you’re with?
    Thanks.
    VK

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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