Posts Tagged part time trading

Morning S&P emini session… back later (hopefully)

Morning S&P emini session... back later (hopefully)

I have today off so I thought I'd make some trades. I am doing ok today and caught the general moves.. however, both my trades were great entries but where I let myself down was where I exited. There are so many variables to trading, your entry, your exit, your trading psychology etc etc. Anyway, my first entry was a long when the market went above 138000. I rode it to just below 138500 thinking that it would be contained here... however, the market went a lot higher.. to 139800 which woul

February 1, 2008 No Comments Full Story

What my trading mentor said…

I didn't get a chance to trade today... After last nights trade on the Fed result and making a profit, I discussed the methodology with my trading mentor, he said that in usual circumstances, the move is not usually so strong so it's a strategy which he doesn't recommend. Oh well, nevermind! Anyway, I was browsing through Michael Taylor's blog today, he trades the Emini S&P contract also and he makes it look so easy! His blog sits here: http://www.daytradeemini.com/blog/ Maybe I sh

January 31, 2008 No Comments Full Story

S&P emini Trading – Awaiting the Fed announcement

S&P emini Trading - Awaiting the Fed announcement

The markets were in a range prior to the Fed announcement so I put in a long order above the range at 136400 and a sell below the bottom of the range 135500. Anyway, when the Fed announced a cut of 0.5%, the market shot up.. my long entry was triggered and I manually closed it when it hit some resistance at 137000.. I got out at 137025.. however the market did go to 138000 and then fell. I took 26 prices.. phew! I don't know if this is a strategy which my trading mentor will be happy about b

January 30, 2008 No Comments Full Story

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