Monthly summary (1,923.50---1980)

   All of July gains are wiped out. As matter of fact, ES started at 1,954.50, high 1985.75.  Today's low is 1,923.50. YM started at 16,757, high 17,085. Today's low is 16,488. (the points between high and low is 597.)  NQ  trading range is (3,831.50--3,991.25)

  The trading range is pretty small prior to today's big move. VIX is  at $16.95., 27% increase. It was 10.32 one month ago.

   As I stated on Jul 21, my goal for the month is already reached. Any extra is bonus.  So I have 4.4% gain this month. I gave back some gains today but it is a still pretty good month.

    The market goes up and down. That is beyond our control. We can always control what we are able to control----our money and emotion.

     I think we are building a new trading range starting today.  Stay cautious.









   

Sold all

I sold all before the market was opened. Fed meeting result today. Nothing new, but I will wait for the action in the last hour.

Time to work.

10:00am. No action yet.  If the market sells more after the Fed notes. I will buy the dip on the strong sectors. I will not jump in right away. But if the market goes up from here. I might just let it run without me. There are always opportunities.  Stay alert.

11:10am. I don't feel like going long or short at this moment after Fed statement. Maybe done for the day.

It looks like that the market read my post.

It was a good day.

It is an uptrend day.

 Buying dips might work. But I will wait for a couple hours to see whether I have a better entry,

Make winning a habit,

   It is same as you collect paychecks at work.  There is nothing to be proud of. :-).
 
   Don't trade a dull market. Stay cautious.

   Yes, I collected the money again from the market today.

   Ok, I will take a break from the blog posting.  Happy trading. 

The market

8Am: The market is too flat for me. I'm not trading until it is changed.

10:55Am:

The opportunity came and I traded the pulls back on NQ. I will see there is any more opportunity in the last hour. 

Uptrend.

   Buying pulls back often works for the uptrend day. Same as yesterday,  I traded a little. I was in meetings and doing my work. most of the time.

Take it easy for the rest of July

  I've reached the goal for July so that I only trade a little.  My focus is to  have a good rest until the end of the month.

ES Weekly.

All Cash

No position.

The week that just concluded had it all.  There were earnings results, economic data, a monetary policy report, M&A activity, calls for tax reform, geopolitical conflict, and volatility.  It was a remarkable week.

Although my trading performance is better than DOW this week, I've been through a lot.  It  was very tough to stay calm when I opened long positions yesterday.  

It's very hard to be a trader. I like my engineer job better. :-)  But I like the excitement of the stock movement, specially the move this week.

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	16943.81	17100.18	156.37	0.9	3.2
Nasdaq	4415.49	4432.15	16.66	0.4	6.1
S&P 500	1967.51	1978.22	10.71	0.5	7.0
Russell 2000	1159.93	1151.61	-8.32	-0.7	-1.0

Stocks decline on reports plane shot down in Ukraine

U.S. stocks declined on Thursday, with the Dow retreating from its record, after reports that a Malaysian plane had been shot down in Ukraine.

After wavering near unchanged, stock indexes turned decisively lower. The price of gold surged and Treasury yields fell.

The Chicago Board Options Exchange Volatility Index, a measure of investor uncertainty, rose 14 percent to 12.59.

When everyone freaks out in the market, we can't. Staying calm is very important.

Now I'm extremely sad after I saw the pictures of  jet crashed site. My god,

295 people!

Vix

There is more room for it to go down. Be cautious about shorting the market for people who read my blog.  After it drops out of the BB band, it is safer.  It is too flat and not a good trading day for me .  As a result I bought some weekly options and bet the market will stay at the range(up/down 5pts?).  I will adjust the positions accordingly.

Sam Smith - Stay With Me (Audio)

A good trading day?

The market is not flat as it was yesterday.  NDX is weak.  Oh, well. Thanks to Yellen so that there are some waves in the chart. :-)

I won't be surprised that the market closes green. Everything is possible!


  I  bought some NDX (NQ) before the closing bell and just closed them now.  There were 8pts jumps after the good earning of INTC and YHOO. Don't be greedy.

Just for fun. Here are my tradings for the last two days: 

Follow through my plans.

Remain calm. In order to manage my emotions better, I need to manage the risk.

Now I closed long positions which I built on Wednesday, Thursday and Friday. I will wait later to  enter positions. (long or short).

I've reached the goal I set for July. Maybe I will shift my focus a bit. don't be greedy.

Emotion control

  I was upset yesterday that I closed the shorts (NQ future) too soon on Monday.  I was able to recover the account by shorting the bounce. But I was just upset.

  I traded well today and now keep some small long positions for the next couple days. Still, if I can handle the emotion better, I would have been in a much better situation.

  My risk control is getting better and better. Now I need to work on controlling my emotion.



  

 
 

Trade update.

  I cut loss at the open and shorted at 7am PST and covered at 10am PST.
The account balance is lower than  yesterday and I'm in cash position.

Trade update

  I closed the shorts( I shorted NQ and ES). I planned to hold them longer but today's dip was good enough for me to close them.

  I kept longs that I used as the hedge since I saw VIX up  and it is 11.33. There is no reason for me to short by the end of the day.

AA kicks off third-quarter earnings season with its report after the bell tomorrow.  I can't wait!

Trading update

  I closed long positions on Jul 1st since I don't want to guess the job number.  I was in cash position yesterday but I opened some hedged short positions today. Of course the positions are under water now.  But I'm not worry about it.  Vix is 10.32 today. I might add more short positions when Vix is 10, 9.75 and so on until I make money.