Another rough day and once again it’s inexperience that causes me so much pain. Today additional funds were deposited into my account, finally giving me access to futures trading. My first NQ futures trade was successful, no matter how small the victory. Subsequent attempts at trading the NQs resulted in failure.
Trades taken: 5 x NQ
P/L: [...]
STOP DAYTRADING!
Someone please remind me to do the above. I’m not an options day trader. I’m losing too much money trying to day trade. Sigh.
Trades taken: 2 (Visa puts)
P/L: -$50
Today appears to be a better day. First, my deposits into my account have cleared. Our tax rebates have finally [...]
Futures are looking a bit lower this morning. Sometime last night futures spiked down about 20-30 points for some reason. My guess is the Asian markets had opened up and were hedging against potential downside this morning but it’s anyone’s guess.
Visa’s looking weak this morning with pre-market action taking it below $82. I will most [...]
The FOMC met yesterday and this morning regarding the state of the economy. The markets are currently pricing in an 80% chance of a 25 basis point cut. So far, the markets are up about 100 points prior to the announcement in approximately 60 minutes. Personally, I hope the Fed decides to hold firm and [...]
Earlier this morning, crude oil finally rose above $115 a barrel (CLK8). With oil rising at a rapid pace once again, commodities are soon to follow. Some analysts such as the Option Addict feel commodities will push higher as it did about two months ago. In anticipation of a potential breakout, I’ve jumped into the [...]
May 7, 2008 | Posted by Jorge 
Categories: Futures, Market Pulse, Portfolio Progress | 
Tags: Futures, NQ | 
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