The first trade of the week is a -R loss. I got in long position of NQ a couple of minute before 10am (right before home sales report released). Am I right or wrong for the timing? I don’t know, but I don’t trade on news, anyway. I am not going to post the chart […]
Trading Journal
Dummy day trading #62 19-Mar-2007: NQ Long trade closed
After the mistake of first trade (got it too early), I decided to give it another try, as market looked really strong today. I got in NQ futures around 1035am. And that was a better trade. Since the medicine was running in my body, I decided to use moving average to trail my stop and […]
Dummy day trading #60 12-Mar-2007: NQ Short trade closed
I made an attempt to short NQ futures when a new downtrend cycle was formed. And I got stopped out by this choppy day. Trailing stopped was triggered with -0.89 R loss. Tough. [photopress:NQ200ticks12Mar2007.jpg,full,alignleft] Journal note: This is a bad entry. Trying to dummy trade when everything was still in the range. Dumb trade.
Hands Free
I have not made a single trade since starting of March. Missed one entry yesterday, can’t find one today. Futures opened with gap and stays flat. I will spend the day reading instead. Andy Swan wrote a simple but powerful post Think Big-> Do Big , at his blog. check it out.
Dummy day trading #59 28-Feb-2007: NQ Short trade closed
I decided to make an attempt when NQ goes below opening low again. Short position was established around 951am during the first pull back of new downtrend cycle.Too bad, I was stopped out. One trade closed with -1 R loss [photopress:NQ200ticks28Feb2007.jpg,full,alignleft] I will stop trading for the day and get some rest. I am preparing […]
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 […]
