Tuesday, December 28, 2004
12/28/04 .... Today really sucked!
Well, my earlier analysis was very wrong! So wrong in fact that I only made money on 2 trades today.... it sucked!
Sold 2 SP @121050 (8:34)
Bot 2 SP @ 121025 (8:38)
My first profitable trade.. and wasn't it a duesy! Actually I did this by mistake... I bot back by mistake. Good thing too because the market was getting ready to launch... and it did!
Sold 1 SP @121000, 8:39
sold 1 SP @ 121125, 8:42 Oh, I'm just getting warmed up.....
Sold 3 SP @ 121350, 902. Got it, I'm now short 5 mini's and the market is ready to rumble.
bot 5 sp @ 121450, 915, Good thing I finally covered cause this baby went to 1216 shortly after. True... if I had waited until lunch time the market did dip to 121225 or so about 1220 but that was only temporary. I thought these were spike trades but the market just kept on spiking! I need to get another volume indicator to use for these trades. I'm going to follow the advice of the Great One and use the Tick or Tiki for these trades. I will setup Tradestation to give me live info on these. It will stop selling into a rally or buying into a selloff.
bot 1 bond @ 10290 @ 925.
sold 1 bond @ 10300 @ 931. Should have held on to this on much longer.. bonds ended at 111120! Could have made a bundle but as soon as I bot the market just traded sideways for a few minutes and I started to get nervous. I should have used a trailing stop. I will have to look into that.
sold 1 bond @ 111050 @1244
bot 1 bond @ 111100 @1351. I was actually so tired after placing this trade that I set a stop and then went to sleep. Figures I would hit my stop. 5 tic stop. What was I thinking????? If I don't hit in 30 minutes I should just unwind the trade and go to the next.
The bonds were crashing yesterday and this morning... so if figures that as soon as I go short they will continue up. This counter trend trading (fading) isn't so easy after all.
I mentioned the Great One a little while ago. Remind me to tell you about him later.
Sold 2 SP @121050 (8:34)
Bot 2 SP @ 121025 (8:38)
My first profitable trade.. and wasn't it a duesy! Actually I did this by mistake... I bot back by mistake. Good thing too because the market was getting ready to launch... and it did!
Sold 1 SP @121000, 8:39
sold 1 SP @ 121125, 8:42 Oh, I'm just getting warmed up.....
Sold 3 SP @ 121350, 902. Got it, I'm now short 5 mini's and the market is ready to rumble.
bot 5 sp @ 121450, 915, Good thing I finally covered cause this baby went to 1216 shortly after. True... if I had waited until lunch time the market did dip to 121225 or so about 1220 but that was only temporary. I thought these were spike trades but the market just kept on spiking! I need to get another volume indicator to use for these trades. I'm going to follow the advice of the Great One and use the Tick or Tiki for these trades. I will setup Tradestation to give me live info on these. It will stop selling into a rally or buying into a selloff.
bot 1 bond @ 10290 @ 925.
sold 1 bond @ 10300 @ 931. Should have held on to this on much longer.. bonds ended at 111120! Could have made a bundle but as soon as I bot the market just traded sideways for a few minutes and I started to get nervous. I should have used a trailing stop. I will have to look into that.
sold 1 bond @ 111050 @1244
bot 1 bond @ 111100 @1351. I was actually so tired after placing this trade that I set a stop and then went to sleep. Figures I would hit my stop. 5 tic stop. What was I thinking????? If I don't hit in 30 minutes I should just unwind the trade and go to the next.
The bonds were crashing yesterday and this morning... so if figures that as soon as I go short they will continue up. This counter trend trading (fading) isn't so easy after all.
I mentioned the Great One a little while ago. Remind me to tell you about him later.
