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    Today's Ideas:
    for morning of Thurs. Dec. 13, 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 9:30am:

    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!

         Due to the higher volatility, we haven't been able to confirm direction (for entries), and thus have fewer positions.  This morning it appears we'll have some directional confirmation and will look to be long SRS, long JPY, long T-bonds (ZB), and long TWM.  Any or all of these are candidates, and we wait for pullbacks after 10 am.  Both SRS and TWM are 2x inverse vehicles, so they rise in down market moves.  If trading indices, we would only consider the short side at this time. 

    Regarding the long JPY, this is similar to a short index trade, and we'd only buy on a reaction after 10 am.  T-bond futures will need to show strength this morning, but are a long candidate as well.  Sugar is plodding along nicely, and will get more attention if holds in this area- we will add soon.  Our natural gas vehicle (UNG) might see some turbulence around the 10:30 inventory numbers, but we're trying to stay long (or add) later today.  Keep stop at 34.31 on UNG.   Essentially, we're looking to enter the above trades when we see "shocks" short term.  Good luck and stay focused; be sure to let the opening winds subside.

    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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