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    Today's Ideas:
    for morning of Mon. Jan. 7, 2008

    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 11:52 am:

    Short 1 unit QID (avg. price $43.21)

    Long 4 units SB (Sugar avg. price .10701)

    NOTES:

       Volatile open in the stock market this morning. Friday's weakness continued, after an up open. We sold short 1 unit QID short (QLD long, or NQ), and will wait until the direction is going with the position before adding. This exemplifies what proper trading is about, in that we don't really want to be long stocks. However, our system triggered a buy in the NQ futures, and we followed the signal. Of course, we have our stops set already, and would honor them if we get to those prices. Good trading rules are easy to learn, but difficult to follow. This comes with experience and seeing the trades play out. For now, we're long stocks until stopped out, or we get our sell signal. Buying dips accompanied by signals until further notice.

    We are still long sugar futures and like this position longer term. We are nearing a shorter term exit signal, however, and we'll take some off if we get the full signal. We're hoping sugar just eases higher, so we can stay in the position (avoid a sell trigger). In any case, it's been a fantastic trade, and we will keep you informed on the ticker.

    A couple great interviews by names that deserve respect: Jim Rogers and visit bloomberg.com to see Marc Faber.

    Lastly, there is an interesting write up by a fellow blogger at runningofthebulls.typepad.com

    Enjoy your homework, and keep your loss limits fixed, so that you can enjoy the upside effortlessly!

    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 don't always have the time to 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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