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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

17th October trading update – S&P emini and EOD systems

17th October trading update - S&P emini and EOD systems

Dear All, The S&P is issuing a sell at the close today with a target of 1524. This is a long way away and this is what I said about the trade a few days back.. I thought the trade was a bit too far away but the trade did make it and if I had followed through, i would have made about 15 points (60 prices in the S&P emini equivalent). Well, the system is now thinking that there is a 20 point (80 price) opportunity ahead of us....  let's see! I've put on my trade. However, the system

October 17, 2007 No Comments Full Story

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