8/8/07 General Trade Log / Idea Sharing

AbeSmith · #1 (**permalink**) 08-08-2007, 09:08 AM

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 · #2 (**permalink**) 08-08-2007, 09:19 AM

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

btrader2 · #3 (**permalink**) 08-08-2007, 09:26 AM

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 · #4 (**permalink**) 08-08-2007, 09:35 AM

	Quote:	brownsfan019
	Good trading today Abe! Keep us posted on how the VBC's look today.

Good trading Brownsfan.

AbeSmith · #5 (**permalink**) 08-08-2007, 09:36 AM

	Quote:	btrader2
	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 · #6 (**permalink**) 08-08-2007, 10:10 AM

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

AbeSmith · #7 (**permalink**) 08-08-2007, 11:52 AM

Trade 2: +19.

brownsfan019 · #8 (**permalink**) 08-08-2007, 12:01 PM

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 · #9 (**permalink**) 08-08-2007, 01:26 PM

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 (**permalink**) 08-08-2007, 01:30 PM

	Quote:	brownsfan019
	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.

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