Today's Ideas:
    for morning of Tues. Mar. 4, 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: 


      We had a long stock signal this morning and took the trade in AAPL. We then added a second unit, keeping in mind this is a shorter term setup than most. It's not our favorite direction (long paper), but a signal is a signal regardless of our opinions. The return on the trade was 1.93% or $2.35/share. AAPL might have more upside, but that is not our concern as we did get a sell signal to exit. Don't anguish if a position goes further after you exit, it'll happen your whole career. Focus on managing yourself, your expectations, and your actions to get to the next level.

    Commodities are weak, and especially Sugar futures. We've said it many times, but we won't even flinch, not for a moment. The only direction to trade commodities if long, and the only question is when. Trying to catch the short side move lower is tantamount to suicide. Sit tight and wait for an entry/add signal in just about any of the commodities. Statements like that exhibit the underlying force of the move up, as it carried all "goods" higher. Stay focused on our next trade, and good luck. 

    Position update as of 12:54 pm:

    Sold 2 units AAPL (profit $2.35/share or 1.93%)

    Sold 4 units SRS at $115.81 (profit $11.84/share or 11.387%)

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity < 2% from all time highs.


    For previous posts visit the archives.



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