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    Today's Ideas:
    for morning of Wed. Dec. 26, 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 11:28 am:

    Long 1 unit TWM (avg. price 66.125)

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

    Long 3 units SB (Sugar avg. price .10611)

    NOTES:

        Good morning and welcome back! This morning we were able to add 1 unit to our long term sugar position. We're hoping to add more around the .1080 level either this week or next. Remember not to get too heavy or active as we're still in the holiday doldrums. We were also able to initiate our first unit in the TWM etf. We're looking to add units at opportune times over the next few days. We are still long the JPY future (Yen), and will look to add as the position proves to be a good one.

    Correlations are an important consideration when determining position sizes. For example, the JPY is highly correlated with the TWM, as both benefit when stack markets get weak. That does not keep us from taking positions in both, however, keep an eye out on your total risk.

    This implies we'll have off the total number of units by about 25% (if in the same direction). As we approach midday, we are less likely to add/initiate as we have a potential catalyst in the morning (Consumer Confidence est. 86.5). It will be best to use the economic release to position ourselves for the beginning of the new year.

    Good luck and take care!

    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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