itrade4real.com

 

     

    Today's Ideas:
    for morning of Thurs. Dec. 6, 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 11:01 am:

    We are long 2 units FXC ($Canadian avg. price $110.02)

    We are long 2 units UNG (avg. price 35.45)

    We are long 1 unit SB (Sugar avg. price .09987)

    NOTES: That's our position update including prices.   It's been a good day for us, but let's not get overly excited.  This is trading, and we'll have losers too.  Ironically, since the launch of this reporting site, we've gone straight up.  This won't always be the case and it's important to learn from losing trades too. 

    For those that are keeping track of entry/exits and profit loss,  Here is what we've done so far.  We closed out our last ZB unit short at 116 18/32 (9:56am) and closed 1 unit UNG at 36.25 (10:14 am).  We might get an opportunity to re-enter, and will notify on thie ticker if we do.  Strangely, the FXC will not stop us out, adn is actually strengthening.  We are not concerned in any case, and that was our only weak point in the portfolio.  If it should behave as we originally expected, it could even be an "add" candidate.   Keep an eye on our ticker to any changes.  All positons are being kept as is for now.

    Going forward, we have several setups that might trigger an entry over the next few days.  We're watching the ES (S&P 500 futures), the IYR ( or our favorite, SRS), the Nikkei, Oil (USO), and China (FXI).  It's not necessary to look all over the place for good trades; just focus on a few you like and trade them well.  Mind your stops.  Today was a good example of how  to trade at the opening if you're near a stop price.  It's almost always better to  wait until liquidity returns (volatility subsides), and then making your decision.  Good luck and take care until later.

    Remember that you only need a couple vehicles at any one time to make a great living as long as you manage your position sizes properly and consistently.   Focus on managing yourself and your actions, as the charts, fundamentals, and news are secondary.  This site is a work in progress, and we're open to suggestions.  We'll be posting links to interesting and pertinent articles as they arise.  Good luck and stay balanced.

    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.

    itrade4real.com | Disclaimer | Contact Us | ©2007-2008 itrade4real.com. All rights reserved.