My Daily Trading Blog

Welcome to my blog. I am a Market Mover Trader 100%. You can review my daily journal posts and trades below. If I make a trade, you'll see it here!

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Daily Trade Posts

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Friday, February 12, 2010

Friday, February 12, 2010

- Live Trade -
- Siulation (Paper) Trade -
- Live Trade -
Friday, February 12, 2010

Good Friday everyone.

Well, not so good, actually.

I was anxious and excited to get up today and get trading.  I made only one trade in the last week, so I was ready to get trading going.  The first announcment today was Retail Sales.  I straddled and got filled long at the top of the movement and it moved against me to hit my stop loss at 2.0 points negative.  Not fun.

Then I made a similar movement trade on my simulation DOM, so I could practice getting better at correction/similar movement trades.  That was a promise I made to myself that I am trying to stick to - rather that using real money to learn.

Lastly, I made a simple trade on the UofM announcement trade.  I was anxious for a win so I managed that trade quite heavily and ended up getting a half point.

This week has been good for me.  I have clamed down significantly and I am slowly regaining confidence in my abilities.  What I have definately learned is that I can't win every trade every day.  What I can do is learn and learn, and learn some more.  And then do my best to apply my knowledge.

I'll tell you this - I LOVE telling people about Market Mover Trading and I also LOVE working with traders who are just getting started.  My phone, email, text messaging is so busy every morning around trading time with friends asking questions and telling me their successes.  And I really do enjoy that. 

Last night I spent over an hour in the basement of a neighbor/friend who just signed up for MMT.  I was impresed with how he is grasping the trading ideals and understanding MMT philosophies.  Every time I meet with him, I am impressed with how he "gets it".  This morning, I spent an hour on the phone (after 15 text messages and 6 emails back and forth) with another MMT trader.  It is just so good to connect with you all. 

Hopefully I can be an element in your successes as traders.

Happy Valentine's Day weekend.  Remember to do something spontaneous and sweet for your sweetheart.  (awwww).

Monday is President's Day, so I won't post anything that day (unless I decide I want to).  The markets won't be open though.

All the best!

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