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    Today's Ideas:
    for morning of Wed. Dec. 12, 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 11:40am:

    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!

    We were stopped out of the $CAD (FXC) position with the volatility involved with the FED meeting. We might look to re-enter, but only after a time out. All else is fine, as the volatility was avoided by not adding to existing, or entering new positions. Although it is tempting to enter as these prices, recall that we buy direction, not price. It can be very dangerous to act on price primarily. What is "expensive"? $20, $50? It is all relative, but we find buying because of direction is more reliable and easy to assess.

    Looking ahead, the natural gas (UNG) is doing fine, and is a candidate for adding more units. Also, SRS seems to have stabilized and working higher at the moment. Likewise the TWM. We will look to enter these today or tomorrow, so check the ticker on the right side of this page. We try not to make trading decisions based on news, but the FED is making it difficult. Nonetheless, we'll still initiate our trades as they present. Keep and eye on the JPY (Japanese yen), and the 30 year Treasury bonds (ZB), as we might have a couple trades there also. Very important to stay disciplined and patient when the news is driving big spikes in both directions. Keep stops as the are.

    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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