Trading Plan

Reviewing Is A Necessary Skill

September 3, 2010

“History doesn’t repeat itself, but it does rhyme.”

- Mark Twain

Every day I use support and resistance lines to read trader sentiment.  Recognizing these is an essential trader skill.  It works in the short-term and the long-term and so is a necessary skill for investors as well.  This same skill is also applied when reviewing my trades.  There is no replacement.  It’s in my trading plan.

Constant and Persistent Review

When a trader reviews his trades he learns to

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Friday the 13 – Just A Slow Day At The Office

August 16, 2010

Friday was  a pretty flat day.  I still managed a small gain.  I had a larger gain from an overnight trade but I want to just highlight the TTAM trades for the 13th…

OPEN – 08/13/10    12:18 PM    BTO    100821C45    QQQQ AUG 44 CALL    200    $1.20    ($24,000.00)    ($250.00)    ($24,250.00)                $249,055.00    12452.75%
CLOSE – 08/13/10    1:55 PM    STC    100821C45    QQQQ AUG 44 CALL    200    $1.22    $24,400.00    ($250.00)    $24,150.00    ($100.00)    -0.42% $273,205.00    13660.25%

OPEN – 08/13/10    1:57 PM    BTO    100821P45     QQQQ AUG 45 PUT    200    $0.63    ($12,600.00)    ($250.00)    ($12,850.00)                $260,355.00    13017.75%
CLOSE – 08/13/10    3:59 PM    STC    100821P45     QQQQ AUG 45 PUT    200    $0.73    $14,600.00    ($250.00)    $14,350.00    $1,500.00    11.88% $274,705.00    13735.25%

These were the two round-trips that I participated in.  Unedited and directly from my TTAM Trade book.  The accented percentages are gains (in green) or losses (in red).  The final two figure (in blue) is the dollar amount and then the percentage at the end of the day that the TTAM account is up from the original $2000.

August 18th will mark the 2 year anniversary of the Trading To A Million Portfolio.  More to come on that.

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Simple Trading – P – Plan

December 11, 2009

By making sure our plan is up-to-date we are planning for success.

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Four Basic Qualities of Great Technical Indicators & The "Stochastics Default Club" | zero hedge

November 11, 2009

I have a relatively dry sense of humor, or so I’m told.  This rant is riddled with it.  I only wished that I had written it. 

As always, there is a fair amount of truth to all humor.  That is what makes this post so important. 

Enjoy, learn.  But do it after trading hours.  You won’t regret it.

Four Basic Qualities of Great Technical Indicators & The "Stochastics Default Club" | zero hedge

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Flippin’ Quarters Isn’t A Trading Plan

October 20, 2009

If you know how to set the odds then there is no doubt given that you flip enough quarters that you will become rich.

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