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Decided to exit the ES long swing position at 1192 and examine price action going forward. Quite the range for now, waiting for the market to show its true colors before committing. Joe

Absolutely agree, cut losses short and let winners run. Thanks for stopping by will visit your journal. Joe

Quick update All the positions looking good Continue to hold ES still below my target. Still unable to integrate NT/IB, emailed them but they did not respond. Anyone that can offer help, I provided snapshots in the journal :( Thank you Joe

Adjusting stop to Break-Even on the ES position. No reason to close yet. Joe

Well the spikes all align with bottoms. You just dont know how far the spike can go :D

Volatile markets present trading opportunities for both sides there is no reason to worry or even care about the distant future when the market is providing violent swings up and down on a weekly basis.

Nothing special to report. Still looking for IB/NET help integration. That has frustrated me a bit and took the day off. Waiting for more crash levels to buy blue chip ETFs as long term investments to defeat inflation and low interest rate payments in banks. Crossing fingers that we...

I don't understand what I'm doing wrong integrating NT with IB. Here's a snapshot of the IB configuration. http://img842.imageshack.us/img842/1775/ibnt.png It keeps popping that login screen, eventhough, TWS is already loaded. If I re-enter the info it eventually times out and keeps...

What a crazy market. Took a SIM trade today in Pre-market using the ES. Worked like a charm, still holding it. Not used to this volatility so I keep simulating everything but the long term investments. Seems the key is to use slightly wider stops and reduce size a bit, very nice...

Great time to start buying high quality ETFs in my opinion so bought a very modest 100 share SPY today as I had planned per my journal entries. Next SPY investment area for me is 105.50, will buy 100-200 shares there if we visit it. The volatility is absolutely monstrous and since this...

Panic is good, that is how bottoms are made. :)

Posting intent to buy SPY long term at 112.65 to add to my portfolio which currently consists of T and MO in very small amounts. Still undecided on number of shares but possibly between 100 and 200 considering the area and the quality of the security. Joe

Just finished reading about the S&P downgrade on US Credit. Should account for some wild stuff next week. In principle this is bearish for bonds bullish for stocks but if I'm not mistaken this is the first time such thing has happened so not going to make any assumptions on what could...

Well well, made my first cash trade today. Funny enough it was an interesting session for me. I had pre-programmed the limit buys in SPY and around the open with all the volatility that the day was providing a friend called cause he hurt his back and could not work or move or drive...

Intent to buy 50 SPY at 118.51 stop is 2%. Joe

As per my investment plan to improve long term capital investments using high yields, bought a monstrous :p position today in MO. Waited for the close to do it as I was witnessing an extreme sell off, did not want to get in the way of such momentum. The experts say buy low sell high, for...

Thanks ammo will definitely study. Joe

I had expressed interest in buying AT&T long term but smallish as a way to get my feet wet with investments provinding high yields. Bought that position today in cash, what an excitement :) Have not completed the NT/IB integration yet so presenting the IB timestamp of the purchase...

Sim Trade did not work, got stopped at 35. This is good news, no beginner's luck! hah :p Still studying and integrating NT with IB, so much to configure and learn. Joe

Getting old, those urges to piss while I sleep are not cool :p As soon as 1260 is touched I will adjust the stop to entry + 1 tick. Joe