(Originally Posted Wednesday March 8, 2006 @ 18:48) Having loads of fun day trading again after such a long absence. Taking my own advise and spending the months of Nov. and Dec. studying, testing and refreshing my skills gives me the relaxed posture that’s needed to make this work. I’d grown a little rusty just…
Month: August 2021
Pre-Nup?
(Originally Posted Thursday October 13 @ 10:48) My God it’s been too long. I was studying my commodity charts a couple of nights ago and realized I hadn’t visited the ol’ blog in many months. Spending almost the entire summer away from home ate up all my spare time. Plus starting an entirely new business…
Perelman is no Dummy
(Originally posted Thursday April 7, 2005 @ 17:12) Last night I was writing on my web site about Morgan Stanley and the difficulty the small trader has staying alive.The big houses move the markets around, killing your tiny positions in a few minutes of stop running. I was referring to the S&P 500 and specifically…
The Running of the Stops
(Originally Posted April 03, 2005 @ 15:33) with a close of 322 ½ after another stop running 11 ½ point range on the 31st. They cleaned out all the new longs before tanking it again. If you’ve got the stomach for it, check out the beans on the day the planting intentions were released.
Dead Cat Bounce?
(Originally posted Monday,March 21,2005 @ 21:38) I’ve planned my trading approach throughout the pre-planting season. Underlying my plan is the knowledge I only caught a couple of little shorts all winter. One was in mid November and the other in January. Now I’m sidelined, watching the grains build their bottoms. I know from experience I’ll…
Should be Fun
(Originally posted Thursday,July 22,2004 @ 18:38) Rapidly approaching the end of July and I’m starting to get itchy. Time to begin setting up the charts again for my resumption of trading in September. It will take a little while to set up my chart books and get a feel for what’s happening after such a…
Not Good at Reversing
(Originally Posted Wednesday March 31, 2004) Nothing quite like a limit move when it’s in your favor! Cotton fell right throrugh my long term support line drawn in on my dailies at 63.40. I should have reversed the cocoa but I’ve never been good at that. Covered the May cocoa at 1535 and out. Just…
Admit To Being Wrong
(Originally Posted Tuesday March 30, 2004) Going to hold onto the cotton short overnight even though it’s a touch offside from my short at 64.50. I’m just lovin’ the double top today and also on the 60 minute as it has set up beautifully. If the floor is not covering now into the close with…
Cotton Shorts
(Originally posted Monday March 29, 2004) Covered the 30 yr. just now at 113.11 as I see it basing after three good days down. Quite pleased. It may drop through support around 113.09 but I think we’ll see a rally first off these levels. Sitting through the cotton short despite the rally this morning. Man,…
No Holy Grail
(Originall Posted Friday March 26, 2004)Towards the end of the day I saw that the cotton didn’t continue it’s rally so I shorted it again at 64.50. A quick little rally right near the close pushed me offside. I think it’s ok to hold this with a stop just over today’s high. It looked good…