Monday, October 31, 2011

A lot of movement today but with no direction

It was not an easy day to trade today mostly because the markets were in movement for sure but didn't know really (nor were they sure) where they were going. In such an environment, I found a long time ago (the hard way of course) it is safer to be in and out of positions quickly. I mean like staying in the market only for a few minutes (5, 10, 20) at a time. This tends to work well for me usually. That was pretty much the case again today except on the euro where I went long initially, then reversed short because the market was going against me, to finally exit at a loss because it was again going against me. Eventually that flip flop game would have paid off but I wasn't ready to get back in on the euro anymore at that point.

One person commented on Friday on this blog that I could possibly explain my trades in more details to enable some readers to learn. It is a good suggestion and I will try to do that more often in the future, although I have very little time to devote to this blog which is used more as a scorecard by me and people that could find here an interest in keeping up to date with my real trading results. Speaking of results, here they are for today: +$208 (commissions included) trading 1 contract. Details in picture below.

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