Today's Ideas:
    for morning of Thurs. Feb. 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.

    New Update:

      Lots of gyrations today, and the indexes are having a hard time picking a direction as of 11:11 am. We just exited our last unit of SRS, at a nice profit. Today was easy for traders to get bluffed out of good positions if they didn't have a predetermined plan. Just because we have a plan, doesn't mean we don't have to make little decisions along the way! That is the point of a solid plan. It allows the trader to focus on making the little decisions, rather than panic because of fatal flaws like too much size, no stops, etc. We will look to trade the same side of the SRS/SKF theme for the next few trading sessions, but will need a significant signal to get involved.

    Although we are not wild about the long side in equities, a signal is a signal. Google (GOOG) is approaching a buy trigger, and we'll keep you posted. Adjust size for the volatility of GOOG, as it has averaged 25 points range/day for last 20 days. As always, total portfolio risk is the major issue determining appropriate position size. GOOG chart below:

    Click here for chart

    Commodities are firmer in general. We're looking to add to Sugar, but no signal yet (could be close though). We'll inform on the ticker of any changes, and we try to comment on ideas that lead up to the actual trade being placed. Stay focused, and good trading last few days.

    Position update as of 11:27 am:

    Sold all units SRS (now flat!)

    Long 3 units SB (Sugar avg. price .11008)

    Trading Accounts equity within .6% of all time high.

    For previous posts visit the archives.



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