Archive for March 12th, 2007

BnB trading 12-Mar-2007: ZG (100oz Gold) short trade closed

Monday, March 12th, 2007

This is the first trade of my scalping strategy. Since it is a rather choppy day for equity futures. I had a negative view of Gold. Short position of ZG was established when Gold was stalled around upper bollinger band. My target was not achieved and I bailed out ...

Dummy day trading #60 12-Mar-2007: NQ Short trade closed

Monday, March 12th, 2007

I made an attempt to short NQ futures when a new downtrend cycle was formed. And I got stopped out by this choppy day. Trailing stopped was triggered with -0.89 R loss. Tough. [photopress:NQ200ticks12Mar2007.jpg,full,alignleft] Journal note: This is a bad entry. Trying to dummy trade when everything was still in the ...

To young paper trader…

Monday, March 12th, 2007

I LOST $700,000 IN 3 MONTHS Student on winning stock market streak, then he loses dad's life savings OCT LAST YEAR: Just a student in Australia, he makes $80,000 from trading DEC LAST YEAR: Back in S'pore after exams, he role-plays trading & makes an imaginary $100,000 on 1st day & $110,000 ...

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