Trading Note – December 11, 2009

by Patrick on December 11, 2009

in Journal,Trading

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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