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AbeSmith

8/8/07 General Trade Log / Idea Sharing

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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.

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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.

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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.

8-8-07T3T4.thumb.jpg.abbd5db7d5612eb2b1628a65cb3964e1.jpg

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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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