Today's Ideas:
    for evening of Thurs. Dec. 27, 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 8:12 pm:

    Long 1 unit TWM (avg. price 66.125)

    Long 1 unit JPY futures (avg. price .008866)

    Long 3 units SB (Sugar avg. price .10611)


        Today saw some activity considering it's still slow out there. We covered the 2 units short IWM, and still have 1 unit TWM long. We might re-enter the IWM short at some point tomorrow, but it's unlikely. We're still hoping to buy more March sugar futures, and add to the JPY (yen) position too.

    Today played out exactly as we had hoped. After the "good" economic news, we had the best chance in awhile to enter the stock indices on the short side. The only reason we exited is we had an all day move our direction with sharp spikes our way into the close.

    Tomorrow let's see if we can get a decent opportunity in the same names and same direction, sometime after 10 am. Position size in most critical, and recall our discussion on highly correlated instruments. Congratulations on a great day, and look forward to our next!

    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.



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