8/8/07 General Trade Log / Idea Sharing

[AbeSmith 10]

Hello. The Dow is up in premarket. Europe market is up. Japan, Korea, China, Hong Kong, and Australia all up. McDonald's up in premarket on July sales data. Good luck.

[brownsfan019 17]

Good trading today Abe! Keep us posted on how the VBC's look today.

[btrader2 10]

Good Morning AbeSmith and good trading to all. Early morning setups might be on the long side IMHO. I'm using 900V as my setup chart for YM.

[AbeSmith 10]

Good trading today Abe! Keep us posted on how the VBC's look today.

 

Good trading Brownsfan.

[AbeSmith 10]

Good Morning AbeSmith and good trading to all. Early morning setups might be on the long side IMHO. I'm using 900V as my setup chart for YM.

 

Good morning Btrader2. Good trading.

[AbeSmith 10]

Trade 1: -2. Exited early before being stopped out.

[AbeSmith 10]

Trade 2: +19.

[brownsfan019 17]

Abe,

You are doing well and going thru what many new traders go thru. Being worried about giving money back is a common problem we all face at some point. And it's not easy to overcome. As you get more confident, you'll hopefully be able to leave profits out there longer.

[AbeSmith 10]

Trade 3: -2.

Trade 4: +2.

 

Missed most of the Bush speech, then noticed that there was a rally. So attempted to go long on trade 3. It was an impulsive trade because it is not good policy to trade after being away from the trading desk for a significant time.

 

Then noticed that rally declined after Bush speech. Shorted, moved stop to break even, and stopped out.

[AbeSmith 10]

Abe,

You are doing well and going thru what many new traders go thru. Being worried about giving money back is a common problem we all face at some point. And it's not easy to overcome. As you get more confident, you'll hopefully be able to leave profits out there longer.

 

Thanks Brownsfan. It's nice to hear feedback from an experienced trader.

[AbeSmith 10]

Trade 5: +9. On 1250 VBC.

[brownsfan019 17]

Trade 5: +9. On 1250 VBC.

 

Nice looking shooting star at the top of that chart Abe.

[AbeSmith 10]

Trade 6: -11. Based on 5min counting on SMA200 for support.

[AbeSmith 10]

Nice looking shooting star at the top of that chart Abe.

 

Seems like I should pay more attention to those.

[AbeSmith 10]

My trading report for today:

 

6 roundtrips. +15 points. 49.44 realized paper gains.