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Old 08-13-2007, 09:07 AM
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Post 8/13/07 General Trade Log / Idea Sharing
Hello. Stocks are up sharply in premarket. Good luck.

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Old 08-13-2007, 09:38 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
Trade 1: -11.
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Old 08-13-2007, 09:40 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Trade 1: -11.
Dont trade the YM anymore but from the glance at the chart... very poor entry level. What made you long there? Im seeing no support.

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Old 08-13-2007, 09:56 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
Trade 2: -11.
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Old 08-13-2007, 09:59 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Dont trade the YM anymore but from the glance at the chart... very poor entry level. What made you long there? Im seeing no support.
Thanks James. I'm not trading for real, just paper trading. What made me long there was watching CNBC it seemed like the market was going to have a big opening and I wanted to get a piece of that ahead of the bell.

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Old 08-13-2007, 10:14 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
Abe.. you just did the unthinkable and let CNBC decide your entry on a trade. If you plan to be a trader, you need to rethink your strategy.

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1. Never let anyone decide when or what to buy.

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Old 08-13-2007, 10:15 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Thanks James. I'm not trading for real, just paper trading. What made me long there was watching CNBC it seemed like the market was going to have a big opening and I wanted to get a piece of that ahead of the bell.
Abe,
Maybe one day you will take our advice here and
TURN THE TV OFF.

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Old 08-13-2007, 10:16 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Dont trade the YM anymore but from the glance at the chart... very poor entry level. What made you long there? Im seeing no support.
James,
So what are you up to lately? I pieced together a few things, but not sure if you clearly explained what you are trading, where, for who, etc. Just curious what you are up to since you were a die hard YM trader and now you are not trading it.

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Old 08-13-2007, 10:42 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Abe.. you just did the unthinkable and let CNBC decide your entry on a trade. If you plan to be a trader, you need to rethink your strategy.

First Rule of Trading

1. Never let anyone decide when or what to buy.
Thanks for the advice James.

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Old 08-13-2007, 10:48 AM
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Re: 8/13/07 General Trade Log / Idea Sharing
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Abe,
Maybe one day you will take our advice here and
TURN THE TV OFF.
CNBC is not so bad IMO. Especially for a beginner trader, it is very informative and provides information about the events that might be driving the market. I feel I learned a lot just from watching CNBC.

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