Looking at the first trade, I should have gotten some great profit. However, I simply did not execute the trade. Had I gone with my gut, I would have gotten in and could have easily gotten about 6-8 points (because I was ready to use a trailing stop.
But I second-guessed myself, so I stayed out. However, the ability to cash out on this trade was HUGE! Someone could have turned $1000 into $2400 in just two minutes!
My second trade went well, but didn't really net much money.
For the month of November, I made 16 trades. I won 11 of them and was up 9.5 points total. I increased my trading account by $1900! I challenge anyone to find any other way to make $1900 in one month by using $2000. And I didn't make many trades. Overall, I'm very pleased with a GREAT November. I've been talking with a lot of my MMT friends who made MUCH more than me. I am a very conservative trader. I stay out of trades that don't particularly line up with my rules.
This week's stats - I made only four trades (I didn't get in to several trades because of minimal movement and my conservative nature). I won three trades and lost one. I was up 1.75 points (not a ton, I realize).
Regardless, it's a great way to make some extra cash. Of course, I don't downplay the costs. There are costs associated. It needs to be something that works for you. If you wonder if it will work for you, why not ask someone who's involved? ME! Call, text or email me - or fill out the form on the right.
Have a great weekend.
K
Daily Trade Posts
You can click on the trading screen images to see them full-sized.
Friday, December 3, 2010
Thursday, December 2, 2010
One for the history books...
I had a no-trade and a losing trade today. The first simply didn't move enough for me to capture the movement correctly. So I stayed out.
The second moved more than expected and I got in short pretty early, while the market shot to the moon.
All together I am down 2.0 points today (stop loss). Today was an educational day, for sure.
K
The second moved more than expected and I got in short pretty early, while the market shot to the moon.
All together I am down 2.0 points today (stop loss). Today was an educational day, for sure.
K
Wednesday, December 1, 2010
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Introduction to Market Mover Trading
Please take a minute to view a brief introduction to Market Mover Trading by clicking through the slide presentation below. You can click through it at your own pace to find out more about the fundamentals of Market Mover Trading.
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Market Mover Trading Introduction
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