Tuesday, May 09, 2006
5/9/06 slow all day
It was a hard day to trade... summer trading is here! Of course Tomorrow is fed day so that has something to do with it.
The blog site was down in the AM so I tracked on paper. I won't list every trade but you will get the idea.
Long at 2825 and stopped 2675 on both. -3
short 2650, stopped 2775. -2.5
Crap!
long 2775, PP and +.25 for +1.25
short 28, -3
long 2950, PP +1 out 29. +.5
Short 29. +2
Long 28. +2
I think we were -.75 for the whole day.
The early morning chop killed us out of the starting block. We got smarter as the day progressed and started moving our stops a little closer as we should in a slow market. I expect that as the summer progresses we will be doing this much more as we will need to be adaptive to the markets that we are trading.
Trader X
The blog site was down in the AM so I tracked on paper. I won't list every trade but you will get the idea.
Long at 2825 and stopped 2675 on both. -3
short 2650, stopped 2775. -2.5
Crap!
long 2775, PP and +.25 for +1.25
short 28, -3
long 2950, PP +1 out 29. +.5
Short 29. +2
Long 28. +2
I think we were -.75 for the whole day.
The early morning chop killed us out of the starting block. We got smarter as the day progressed and started moving our stops a little closer as we should in a slow market. I expect that as the summer progresses we will be doing this much more as we will need to be adaptive to the markets that we are trading.
Trader X
