Dummy day trading #22 29-August-2006: mini-sized Dow: Short trade closed
August 30, 2006 – 12:53 amAnother lousy day. Short position of mini-sized Dow was established below 10am(chicago time) candle. Dow mini did move in my favour and it was 2-ticks away from my 1-R break even point. AGAIN?!?!?! So near, yet so far….
I am especially cautious this week. After seeing position stalled for an hour and FOMC meeting is scheduled at 2pm, I decided to cover the position with tiny 0.15-R gain.
I am pretty good in making my broker happy huh?
Time for me to catch some sleep. Postmortem will be done later.
From the desk of Tradergav.com
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