Friday, August 1, 2014
Thursday, July 31, 2014
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.
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.
Wednesday, July 30, 2014
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.
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.
Tuesday, July 29, 2014
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,
Wednesday, July 23, 2014
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.
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.
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.
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