Wednesday, May 4, 2011

Today is May 4th, account is at $108,000

Currently short 40 contracts of NQ at 2390 and shorted 1 million worth of EUR/USD at 1.49079.

I believe the Euro is going to fall, the dollar is at very low levels and it should rally, causing the market to drop.

Tuesday, May 3, 2011

Life of a trader

Life of a trader and why they are NEVER satisfied: 1) Missed the move; 2) On the move but the wrong side of it; 3) In the move, right side of the move but got out too early and 4) Caught the move, right side of the move, PERFECT entry and exit but their size was toooo small.



Account at $99,517

I went long mid-day then took some profits, made about $8 K. Now Ive gone short at the end of the day, 20 contracts at 2390.00. 

NQ hit a low of 2374 today! and a high of 2403. This was a good day for support and resistance trades based on TICK indicators.

I would not hold longs overnight, so I am short.

Today is May 3rd. Account at $95,508

Futures dropped overnight, looking for continued down as the news rally of Osama's killing fades away. Currently short 31 NQ contracts at avg of 2394.50. Currently level is at the same level. I am trading in and out today.

Monday, May 2, 2011

Today is May 2nd, currently $90,152 in my acct.

The news of Osama's death shot the futures up in the overnight session but they slowly lost their gains during the day session. Currently short 31 NQ contracts at an avg of 2400.00. Current level of NQ as I type this is 2401.50.

Friday, April 29, 2011

Today is April 29th, 2011. I have $89,220 in my trading account

Currently short 51 contracts of NQ at an avg of 2386.00.

Current level is 2401.

I expect today to end in RED.

Thursday, April 28, 2011

Today is April 28th, 2011. I now have $88,551 in my trading account

Market went up yesterday, end of day I was margin called and a few contracts auto-liquidated.

Currently I am short 40 contracts of NQ (June) at an avg of 2369.75. NQ level is 2406.00 as I type this at 10:10 AM.