short YM @ 10565
cover YM @ 10637 - 72(loss)
I'm at a loss for words
Dow up 429
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
First up the always needed DISCLAIMER: (sheesh) FOLLOW MY ADVICE AND YOU WILL BLOW YOUR ACCOUNT OUT IN DAYS!! so, enough of the legal mumbo jumbo
Followers
Stuff learned from the months
EARNINGS: Never a good idea to hold through earnings...that one bad stock can toast a lot of profits (A LOT)
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
2 comments:
Main thing I see here is that you showed the discipline to stop-loss those YM trades....could've been a lot worse. We can't always read the market correctly...only can control losses.
Thanks Joe...but my normal stop on the YM is 10 points with a maybe 20 points....I should not have been trading on such a volatile day.
But thanks for the encouragement....next time..better trades!!
Post a Comment