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

Friday, March 26, 2010

March 26th


Not much to say about this. I'll just post the chart and head out to dinner with the lovely Mrs. Bluecollar.

Wednesday, March 24, 2010

March 24th


Its been a few trading days since I last posted so I'm putting up today's results. Lately, I have been taking what time I have available for trading to study more than trade. That is, I have been doing intensive investigation into S/R as it relates to changes of direction in price. We'll see if it yields any results. The jury is still out. I continue to press forward, even when the outcome is uncertain. With 20 years to go before retirement, I feel like time is on my side.

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.