"A man is not finished when he is defeated. He is finished when he quits."

Thursday, March 18, 2010

March 17th & 18th


This is a continuation of yesterday, and I didn't have a chance to update last night. I originally posted my one trade in FAZ from the morning. After my second day-job appointment yesterday, I was in the office for about 20 minutes and looked in on how the market was doing. I perceived a trade opportunity in FAZ and without thinking about the clock, I took it. A paper-trade long was what I saw as the most likely chance at a gain off the basing from 1:30pm to 2:00pm. I was about 10-15 minutes early on the move, but my gut feeling proved correct. Of course, by the time it broke to the upside, I was already driving to see my customer. My appointment was for 2:30pm and was 20 minutes away from my office. Needless to say, this trade made me late for my appointment. I returned after my project and noticed that by 3:20pm, my trade was up about $700 paper-bucks, before it shrunk EOD. I just closed it today for a $410 paper-gain.

I have no day-job appointments until 2:00 pm today but I am not going to be able to sit with the markets considering the mountain of work that I face, mostly on my construction project, which is two weeks behind schedule.