Hear is the headline today:

“NORTH Korea’s launch of half a dozen missiles yesterday, including a long-range one said to be capable of reaching the United States, renewed security concerns across the region and beyond and raised jitters on financial markets.”

DJ closed with -76 loss. We have a gap down in SIMSCI, but it is moving up after that. Direction for today is still unclear.
I am watching for trading opportunity now.

[photopress:SIMSCI_10_position_closed.jpg,full,pp_image]

Rooney said ‘All I need is a goal’, he failed to get one. To me, ‘I need a good trade’. I got it. I am back to business today.

Short postion was established at 292. It missed my entry 292.3 though. Initial target is set at 290.7 which appears be a intraday support level. I have two initial stop loss levels at 293 and 292.2 to protect capital. Target was achieved perfectly. In fact, selling was so fierce that out of my expectation. It hits a low of 289.3. If I caught the bigger profit, that will be a bonus, otherwise, reaching my planned target is good enough for day trading.

One trade closed with +1.3 gain. Not so big, but good execution.

Chart will be posted after market closed.

After Germany’s exit from world cup tournament, I had a big plate of spaghetti for my breakfast. Back to business, U.S market was closed for Independence day, mostly clueless asian markets are likely to be a little bit quiet. Well, at least, SIMSCI had a small gap down this morning. I am not bearish for the day, at least, I see local market crowd are still in pretty positive buying mood. When leading markets are closed, this small crowd of market participants do help in moving the intraday market.

No setup is formed, yet.

Again, I have decided to close the trade at breakeven point. 293, initial target was 293.5. This is the second day in a roll I exited a trade prematurely due to false signals in my exit setup and my mentality problem to move stop to breakeven point too early. I have done badly on these two trades. This is absolutely disappointing performance.

One trade closed. +0.1 point

I am looking for another entry opportunity.