Journal

Not Every Day But…

October 4, 2010

Here are the three things I did differently today.

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Up Or Down

September 9, 2010

It’s nearly two o’clock on Thursday, September 9, 2010.  The stock market has been pretty flat.  It looks like support has been given to the computers and the rest of the traders seem to be watching on the sidelines .  It’s slower than I would like.  Volatility is profit.  I don’t care whether it’s up or down.  I just want something to move.

My tech indicators are finally pointing down into new territory so this might be a good time to check the seat belts.

Just a thought, if you know what I mean.  Watch the ‘puters though.

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Trading To A Million Progress – Shorthand

January 30, 2010

“Currently, as of today, Saturday, Jan. 30th, 2010 it looks like this…”

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Trading Note – December 11, 2009

December 11, 2009

Just a note about today’s trading.

I’ve been trying very hard to not let the market nor my own emotions dictate my trading.  Yesterday I missed the largest move because I had to do other things.

Normally, by now, I’d be on vacation.  It just doesn’t pay to be whip-sawed by low volume and low volatility.

I still would like to be at the $100k mark before the end of the year and it’s doable.  So today, with the open looking to be on the upside I waited until the market pointed to the direction I should trade.  I entered a put position on the Q’s at 9:05 10:05 (Trading or Eastern Time) for $0.85  because it looked like a low-risk entry.  So far, I was right.  It is currently at $1.14

Today’s trading is just an example of the need for patience when we trade.

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Patience And The 30 Minute Time Frame – November 12, 2009

November 12, 2009

Not much profit but I used the same chart to buy a put, the $45 put this time for a much better delta.

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