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Trading the S&P – ok, focus back today!

Trading the S&P - ok, focus back today!

Ok all, I was determined today not to lose focus today and my first trade was a long at 149400. I made this trade as there was a previous bottom around this level which was hit 4 times over the past couple of weeks.... if you look at the daily chart you can see this. As the market moved above these levels I thought it would go up, I was conscious that it had been a strong down day so far and a countertrend could fail at any moment. I targetted 149800 initially but as the market started loo

November 7, 2007 No Comments Full Story

Trading the S&P .. completely lost focus!

Hi All, Another day back at watching the charts! Things are not working well at all! My trading tutor hasn't been in contact for a week or so as he's been setting up new offices in the US. I guess it's almost like when the cats away the mice come out to play. I should be trading 1 contract lots and I did initially today. I lost 10 prices on this so I thought I would trade 2 contracts on the next trade. I did that and once again, lost. Ok, I'm a bit frustrated at this point and put in 5

November 6, 2007 No Comments Full Story

S&P emini – Gambling or trading?

S&P emini - Gambling or trading?

Today was another horrendous day for my dummy account, I'm glad it is my dummy account as I made 5 trades and each one was a loser! I've not been watching the market properly all last week and I'm a bit out sync with everything. Last week at work there were leaving do's and outings.. I had to do the social thing and mingle a bit. So, after a week (discounting the 1 day of trading), I am back today somewhat eager to get right stuck in.. I just want to trade and make it work, I'm a bit impat

November 5, 2007 No Comments Full Story

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