Friday 30 September 2011

Will wait patiently for the next trade.

Morning Everyone,

The market had hit my stop loss entry @ 1160.12 when I am outside in the afternoon.
Yesterday S&P, Day Open = 1151.06, Day High = 1175.87, Day Low = 1139.93, Day Closed = 1160.40.
The swing for these 2 months is big. Have to be cautious for a person like me who don't like to take too much risk. Protect my capital first. Market is always out there for us when we are ready.



























Will wait patiently for the next trade.

Thursday 29 September 2011

Better to be careful to just enter small position and Stop Loss Entry in place.

Morning Everyone,

Is great to take some profits out first when you are in the right direction. Last night, the market had hit my stop loss @ 1160.81 at 1.57am during my sleep.
Executed my SELL order too @ 1160.81.










Market is volatile. Swing up and down. And is a big swing. Better to be careful to just enter small position and Stop Loss Entry in place.

Wednesday 28 September 2011

Long Upper Tail Shadow

Morning Everyone,

This morning I decided to take part of of my profits first @ 1173.01. And let's the remaining runs till it hit my stop loss entry.



Bascially I don't like the long upper tail shadow. There is selling pressure to keep it going higher. Let's take some profits and put in the pocket first.



Tuesday 27 September 2011

Markets seems to rebound from the Operation Twist. Let's See.

Good morning all,

I have covered my remaining shorts @ 1145.66. Total of 44.99 points made.



Take a LONG from there as well , 1145.66. Last night S&P closed at 1163.

Friday 23 September 2011

Thursday 22 September 2011

SELL order @ 1190.65

Hi all,

Last night the market had hit my SELL order @ 1190.65 after the FOMC speech.
Let's see how far can it goes down.

Alibaba

  My take on Alibaba. Trading is like playing a computer game. Green just Buy. Red just Sell. Trading based on news is a Big No No. Our job ...