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Thursday 14 June 2007

June 14 Trade summary $162



I'm still messing up on my stops and trade entries. I need to spend more time reviewing my trade setups. I'm going to try to enter with only 1 contract initially and only adding to winners. As long as I start out with 1 contract, and I don't add to it if it's a loser, and I put in a 7-1.4 tick stop, then I shouldn't have any big losses. The spikes up on the indices have been unforgiving if you are short without a stop. I'm seeing bonds lossing their influence on equities after the first hour of trading and it looks like ZN still shows a pattern of getting faded around 7:30am. Could only trade the first 2 hours.

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