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8/21/03 Day 4 Bias: down Position: open from 990 on 8/15/03 P/L: -12 points Sell and hold P/L: -12 points No fear, no greed, lots of patience

11 point range (998-1009) for the day An interesting day. For the first time since the start of the experiment, price reached the stop area. I will not be stopped on spikes or times of major economic data release. If price reaches the 1010 area again tomorrow, I will stop out and wait for...

I was wrong and the market was wrong about Fed Survey number.

Is the market expecting bad Fed Survey number? Most of the time market turns out be right. There is only one explanation--data must have leaked. That's probably the norm rather than exception.

TGregg's call of 1010 is a good one. Much appreciated! My call on his call to be a good call is also a good one. I suck at timing, but my ability to recognize good calls seems to be pretty solid. :cool:

What one needs to follow my thread is patience, lots of patience. What you will not see on this thread is pain and frustration. If the reason you read journals on this board is to find bigger losers so that you feel better for yourself, you can skip my thread. I am trading with a small...

Waiting for Fed survey number.

If all you can offer is some rules extracted from the 5,000 trading books, I will not respond. If you post harrasing messages, I will not respond and will ask the moderator to remove your message. This journal is primarily a record for myself. Secondarily, I would like to attract some...

Cannot see leading indicator number but from the market reaction I assume it's good. Getting close to my stop point. Will honor it and stop somewhere in this area. Prefer not to do it on a day with many economic reports. Friday seems a good day for this.

The market was expecting good initial claims number and got good number. Not much reaction after the release. Waiting for leading indicator.

5 point range (999-1004) overnight. Waiting fot jobless claims number.

All advices are welcome and subject to discussion. There is nothing personal. However, we do realize that comments like and and are more valuable than comments like "don't overtrade" or "trend is your friend".

This statement is as correct and useful as saying "buy a stock and sell it at a higher price then you make money". I have a system (whether it's good or not I don't know, that's what I am trying to find out) and it says I should trade with a down bias. Is this not what the market is giving...

That may very well turn out to be a good call, like bubba7's call of 1003. Both my stop and target are soft. I may stop at a loss of 15, or 25 points, or take a profit of 5, or 10 points, and try to reenter. When I pull the trigger depends on my mood at the time. :cool: I don't use a...

First, never say never again. Nothing is absolute, including all the 1,000,000 trading rules you have read from the 50,000 trading books. Any sentence with "never" in it should always have a question mark at the end, except, maybe, "never say never again". Then, I am not sure if you know what...

Yes, if neither my stop (20 points) nor my target (8 points) is hit during the next month, which, of course, is unlikely.

8/20/03 Day 3 Bias: down Position: open from 990 on 8/15/03 P/L: -9 points Sell and hold P/L: -9 points No fear, no greed, lots of patience

7 point (996-1103) range for the day must be daytraders' hell glad I am not daytrading spent most of the day in meetings recently actually feel more excited sitting in endless meetings than watching this lifeless market, that's strange :p

MBA number just released. Another non-event. However, its effect will be seen in the market. The question is when.

4 points (999-1003) range overnight Where did the volatility go?