My NEM and BHP play was negative yesterday. In fact, I was too engrossed with my ES play (it was very profitable) that by the time I checked the NEM and BHP status again, the NEM exceeded my mental stop loss (last Monday's low). I was prepared to convert it into a credit spread. But the market was already starting to recover from its low. As such, I kept my positions.
As it turned out, the market recovers today. My targets for NEM and BHP remain intact at 52-week high. My stop loss would be their recent lows.
- PersianCat04 (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
2 comments:
Can you also share your ES system?
TraderR
I am not ready to share as I am still testing the indicators and the trading rules. I rather share what works.
- PersianCar04 (Millionaire-in-progress)
Post a Comment