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    Today's Ideas:
    for afternoon of Mon. Dec. 17, 2007

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Position update as of 2:50 pm:

    We are long 1 unit $CAD (avg. price .98233)

    We are long 2 units SB (Sugar avg. price .10375)

    NOTES:  Check the ticker for latest trade updates!

         We were able to add to our long Sugar position at 2:22 pm at a price of .1076.  Recall that this is a longer term trade, and we expect to be long for several months.  We have not added to the CAD (Canadian dollar, FXC) as yet, but might before the close.  The list of potential setups from this morning are still in effect, and we're scooping a few individual stock names too.  We'll keep you posted as best we can, and be sure to check back on the ticker once it's up and running.  We'll post all the trades and times as they occur.  Stay focused and disciplined, as there should be some great trades this week.

    People often ask what our time frames are for each trade, and that is different for each position.  In general, however, most trades last about a week or two, BUT we  trade around the positions as you saw today.  Hence, we DO day trade at times.  We encourage any questions and comments on how to improve our site, and hope you find it useful.  This is a great business, but the learning curve can really take awhile as most successful traders don't have any reason to share ideas. This site is our way of giving back to the trading arenas, in the name of the few mentors we found that helped us along the way. Good luck.

    We can't always explain the reasoning for trades, but they are often a combination of technical, fundamental, and "gut feel". Pay attention, have fun, and make money!

    For previous posts visit the archives.

     

     

    This site is for instructional purposes only, and is not to be construed as investment advice.

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