Archive for the money Category

Back from holiday and my thoughts and opinions

Hi all, I am back from my 2 week holiday.. well actually, I had my engagement party out there and I met the inlaws. It was a fantastic experience but I am also glad to be back home to the UK. I didn't get much of a chance to check the Internet so I didn't keep tabs of the markets all that much... to be honest, it was good to get away from it and just really relax. Anyway, coming back, I've found that my Google Pagerank has dropped from 3 to 2..  due to my lack of posts. However, this ha

August 6, 2008 No Comments Full Story

Todays Dow trade – price action breaks below 10400

Todays Dow trade - price action breaks below 10400

I got back home to find that the Dow had already crashed over 200 points! I feel a bit annoyed to have missed so much of the action but there is no way that I can trade at work... the markets are so volatile that you really need to be around to watch what is happening and get out should things turned nasty. Anyway, I did managed to enter a short at 10422 and got out at 10404 for +18. As the market approached the previous low and round number at 10400, I didn't want to take a chance on my mone

July 24, 2008 No Comments Full Story

Nothing much on the Dow Jones – made a scratch trade however

Nothing much on the Dow Jones - made a scratch trade however

I shorted the market at 11502 and for a while it was doing ok, it went down and was 15 points up at one stage. Judging by how much I dislike this trading instrument (I really need to ween myself off it) I was keen to move the stop to breakeven as soon as I could as the market moved my direction. Anyway, the Dow being the Dow took out my stop which was 11502 for a scratch trade! I think the market is heading lower though... [caption id="attachment_556" align="alignnone" width="330" caption=

July 22, 2008 No Comments Full Story

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