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    Today's Ideas:
    for morning of Mon. Dec. 10, 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 10:35am:

    We are long 3 units $CAD (Canadian dollar avg. price .99203)

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

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

    NOTES:  Check the ticker for latest trade updates!

    All positions should be kept the same, no adds or exits as yet. We are updating from the Caribbean today, as things should be quiet until tomorrow after the FED. We will still maintain stops, just for protection. Today looked as though we might stop out of UNG again, however it has rallied off the lows with Oil. Canadian dollar is just bouncing around, and is a decent distance from out stop level. If this were not the day before the Fed, we'd look to add at opportune times. It just isn't a great time to "get larger" size with the diminished liquidity, so sit tight and enjoy your day! Stops should be placed at 34.31 on the UNG, and .9847 on the CAD future. We'll be back in full swing Wednesday morning. Good luck and stay disciplined.

    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.

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