Archive for October 18th, 2007

18th October – S&P EOD trade

The system is issuing a buy at close with a target of 1544 today. My stop is 10 points away and I got in at 1538.  Lets see if it's another winner! My previous post I mentioned that I had manually closed for a +10 profit. If I had left the trade running, I would still be up by 1 point! Ok, fingers crossed for another winner!

October 18, 2007 No Comments Full Story

Good move today – but not in the long term! Some trading psychology

Hi All, My decision to close the S&P EOD trade today was a good move. I closed it at the very bottom of todays range and bagged a whopping 10 point (or 40 S&P emini equivalent prices)... hmm, lucky! Actually, when following a system, you should really be disciplined enough to see your trades through despite what you think.. if the system has a positive expectancy, over the long term you will win. If you're manually opening and closing trades outside the system then, in effect, you

October 18, 2007 No Comments Full Story

18th October – Closed the S&P EOD trade

Hi All, Remember the S&P EOD system was giving a short entry last night. I shorted and nothing happened until a few hours ago. The close price was 1524 but I sold out at 1532 or so for a 10 point (40 price) profit. Ok ok, I didn't follow the system but this is a very good profit! S&P EOD rules!

October 18, 2007 No Comments Full Story