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Monday, May 10, 2010

5/10/10 AM update

COVERED SHORT ES

MOVE STOP TO 1158.75

STOP LOSS @ 1163.00

SHORT ES @ 1153.50  DAY TRADE

Stopped out of Friday's short ES @ open last night @ 1125.25, loss of -15.25.  This is why I trade with SL's, could be looking a LOT worse this morning.  Still in Sell mode on Buy/Sell, might do a short day trade today.

4 comments:

  1. Al, I tried the short day trade, held for 30 minutes then came out at breakeven, market is too strong. Still holding my long SSO.

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  2. If trading was always 100% it would be easy and everyone would be quite wealthy, unfortunately that's not the way it works. I actually lost a handle on the trade (short @ 1153.50, covered @ 1154.50) On to the next one

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  3. There should be tons of people on your blog. I don't get it.

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  4. Two reasons:
    1)I spend a lot of time in the OBB chat room http://www.optionsblackboard.com/ engaging in running conversations, folks from there are watching my site but no need to comment on this site as we're conversing there;
    2) I've never publicized or promoted the site, probably will eventually but can only do so many things well at one time
    I do appreciate your support!!

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