Boy Oh Boy!

(something is wrong with blogster picture service)

Need I say more... :D Muhahaha!

October 30th, 07

Took quite a few trades.. actually the first four were all losses then at the end of the day I got my grip back on the market and ended up winning overall. Yesterday was a great day made about $625 total and just left my VO and blog as it is because I was too happy. Today's losses came as a result of a new strategy I am implementing and just can't get the settings right.. gotta keep tweaking.

Btw, thanks to TraderBubs for my blog mention on his site.. we are both going through the same learning curve and no honest trading system or instructor is out there who can actually teach us everything.. Gotta do it on ur own..

Loss on Thursday; Profit on Friday

Thursday I took a small loss of -$37.25 after 3 trades and just left my VO. This morning I came back with a renewed passion for trading.. why? you ask, I dunno..well because I made a killin on thursday night trading euro 10 ticks in my favor then when the market was about to close I scalped one point off of ES using Richard's box play. It worked out but didn't go as far as I wanted but maybe it was due to market coming to an end...

Anyways, It'll be a busy weekend cuz i gotta pile up my chedda..

Chop Chop Chicken Salad :|

Markets were great at the open and I did 3 trades: 2 wins and 1 loss. Overall, I am green and over-overall I am still red. :(.. After that I just stared at the screen only to realize that at 10:30 market has gone chop chop chicken salad so I stayed out. Done for today.. I will go outside and get myself a falafel.

Missed a good oppurtunity after the chop.. oh well.

Couldn't trade yesterday.. Results for: Oct23rd

It was a great day today but I couldnt get up on time because I was attending a party late last night so I traded pretty late when the market was coming to an end. Pulled off a good profit.. hopefully will cover previous losses eventually. :)

The Return of the Spartans - and the spray tans..

Meet The Spartans - For more funny movies, click here

An interesting indicator for trending days..

October 19 - Aroon Indicator

Here's a very common indicator that I found out recently which supposedly helps with identifying trends. I have always had trouble identifying the market trend so this has helped a little bit and I have back-tested it with EOD data and seems to work out MOST of the time..

Try on your own and leave any comments if you come up with anything new.

How it works:
1. The green line(Aroon up) is the major line which seems to go in the direction of the trend.
2. When the green line crosses above or blow the 50 level that should be the entry or exit in a perfect world but you can buy sell in and around that area.
3. If it crosses down/above the 50 level and bounces off even when few green/red candles are in the making against the trend.. you should stay in the market and try to relax (yeah right, day trading is a mental torture).
4. Works well on trending days but can easily wipe out you account on ranging days or when the market is choppy. (Use other indicators to find out when the market starts to get choppy to avoid losses)
5. I would use my own exits even if they cost me some profit because all exit signals with most indicators eat away some of your profits anyways before they flash.

Phew, whatta day..

Again another trending day and this time I decided to play the s&p mini. Overnight, I managed to pull in a small profit of about $150 in s&p and I thought that would be it for me but every green bar felt like potential money in the bank account.. so I entered again.

I hate trending days so at one of the pivot points there was a short pull back and I bought into it and went long :(.. lost all that I had made overnight plus another $50. Then around 1:20 PM.. I got pissed off.. :O.. and shorted 2 contracts that I held onto until the end of the day which made me some good mulla.

My platform is down so I can't get you any pics at this moment ... here are some pics from my other platform that I use for technical analysis...

Back in Black - Lewis Black

October 16th, 07

Not a great day.. took a few trades for a loss and reconsidering at the moment whether I want to continue with future index or move into currency. The volatility is really just too dangerous.. no signals are ever enough to let me pull the trigger lately. Futures currency is much more stable and still follow all the same signals and indicators.. will be testing that out tonight.

I hate trending days... but others love em!

I just can't seem to trade on trending days.. I am more of a ranging day trades when the prices bounces of obvious edges.. I lost money last Friday for the same reason because I traded just for the sake of trading.. I held off that temptation today so $0 is better then -$x.. but of course +$x would've been much better..

God! Damn! -$190

IF ONLY I WAITED A BIT LONGER!

Ohh, has it stung again!!

Discipline, my ass! I missed a move that could've made my month and I had it right but got out TOO early.. well, as I said yesterday.. sometimes it pays and other times it stings and this time it has stung me big time!









Check out the second pic to see what I missed! :'(.. can't cry enough! lol..

Some good music to lighten up the mood.. :)

Discipline Pays, Fear Stings..

Another great day.. let me re-phrase that.. another great day in the market because it's a very gloomy weather outside reminding me of the winter and the wind chill about to come.. :..(..



Anyways, I took a few trades and made a nice chunk of profit but as always very limited compared to the move that carried out. As a beginner I have heard numerous times that being disciplined is the way to go to make money which stands true as I have made a good amount but it has also limited my profits. If you take a look at the charts I posted, I have exited the position after 1 point, more or less, in most cases. If I let the move carry out till the end(which is hard to figure out while it's being made) I could be banking a lot more. So I guess being disciplined is just another word for 'fear' making it look like there is no emotional element present during the trade. In reality, the fear of the unknown is what makes me scared and that means.. more studying and more practise of the charting patterns and fine tuning of my indicators.

Again, 'more practise' may just be another word to avoid the real problem.

Traded Russell, Profit

I decided to try Russell after a very long time as I heard that there is more money in it. Well, it turns out to be true.. Russell made my good money for a shorter move compared to others but keep in mind that Russell is very dangerous for a new trader as it makes long spikes that can weaken a beginner and end the day in loss. A friend of mine also emptied his account in Russell recently. Everybody wants to make more money but only if the risk is worth it.

Two trades in the same move as I wasn't sure if it would go further down but it did and I entered again. My indicators gave me the second entry signal.

October 8th, 07 - Ended in a loss

I didn't understand the price action yesterday at all. I watched my indicators for an entry position but I couldn't figure out, with two trades throughout the day, I ended up with a loss. However, the pivot points were pretty accurate for the day.

Above is a chart for the day with 1 minute candlesticks. I used one minute because the pivot point seemed very accurate with 1 minute then the five minute that I use usually.

From Toronto, Canada: Proof the world is getting worse day by day!

First Post, Duh!

Well, since this is the first post I would like to talk about why I started this blog. There's no reason really... I just felt like I needed a place to put down my thoughts regarding day trading eminis and stocks. Also, sometimes I come across interesting articles and videos that I would post here for those who might visit and summary of my own trading experience. I have also been thinking about sharing all the material that I have learned throughout the last few months and trading related stuff that I have come across. I may post chapter by chapter or topic by topic to lay it out for new traders who want to learn as much online as possible before learning from a professional; be careful because it's really hard to find real professionals these days, most are scammers making money to cover losing days and sell crap material.