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    Today's Ideas:
    for morning of Fri. Dec. 21, 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 10:46 am:

    Long 1 unit JPY futures (avg. price .008866)

    Long 2 units SB (Sugar avg. price .10375)

    NOTES:

        Consumer sentiment and results from the FED are behind us, and if trading was light before, just watch the rest of the day! We were able to enter a short term long JPY trade this morning at 10:14am. We'll see how it acts, but might close it out before the end of the day. In normal trading conditions, we'd keep the trade as long as not stopped out. This is what makes holiday trading so difficult.

    Sugar is holding strong after a solid week. We are adding to this long position in the next week or two. Recall that this is a longer term trade, with different reasons for entering (fundamental). The base metals perked up today, but we won't get involved as trading thins. As mentioned on the ticker this morning, we manage several friends and family members' accounts, and they are involved in that trade (as well as some QLD long too). We trade many of the same issues in those accounts as this account at www.itrade4real.com, but there are different time frames and risk parameters (unit sizes) based on account values. In most cases, the most action takes place in the itrade account, so that is why we post those trades. BE CAREFUL NOT TO OVER TRADE! Too many people, sites, TV personalities tout the huge list of "favorites", when all anybody needs are a couple good vehicles.

    There are not many great articles to share this morning, so we'd prefer to let you have your time to yourself....be sure to check the ticker for out JPY exit, as well as any other trades we take. Good luck and stay disciplined.

    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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