Monday, July 27, 2009
Saturday, July 25, 2009
I enter trades with the expectation that price will move in my direction within1 to 10 seconds.If price doesn’t cooperate within this time period, some aspect of the trade may be wrong.
my approach, if this occurs, is to exit the trade with small profit, no loss or average per trade loss.
The point of this maneuvering is simple - we are protecting our capital. Our first and foremost goal is to protect our capital, period. When we are at a break-even or better position with the trade, we can begin to more actively work the trade for profits.
Thursday, July 23, 2009
Wednesday, July 22, 2009
Monday, July 20, 2009
Wednesday, July 15, 2009
Tuesday, July 14, 2009
Monday, July 13, 2009
i keep fresh by trading only a few races
i try to win only a few, and in case it don't
work out, to cut the loss as short as possible.
there is no need to waist time on a
loss when the win rate is very good.
i had an early loss today in the first race
i made the cut at -2 cents and went on
from there. i than made two more mini
trades on the same race and managed
to finish green. all the other races went