Marketgeometry

Wednesday, April 29, 2009

Wednesday Trade Review or a short lesson on how not to trade the YM futures - 04/29/2009

If I remember the saying "you should learn from your mistakes" or "don't do the same mistake twice" or "you are a f... idiot" - some thing like that. While I made the same mistake in the YM I did yesterday. The YM futures stalled at my buy point and just hang there long enough to convince me that the trade was no good. A course seconds later it turned out to be a good trade, possible great trade with out me. The rest of my trades were garbage.
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The numbers:
Stocks: gross +80 net +65 shares 3000
Stock Futures: gross +30 net +20 contracts 4
Forex: none

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