Thursday, January 18, 2007

Jan 18 trade summary


Well, I went short on ER2 before the big selloff this morning because I got the signal which accompanied my trading plan. My trailing stop was to close though, so I only got 3 pts on my trading plan, when I should have gotten 6pts. Today and yesterday I messed up on my placement of stops. I need to stick to 0.7-1.4pt stops, 3-6min time stops, stops signals from the appearence of divergences among the indices, or "the gut feeling" which I'm getting better at executing to minimize losses.

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