My Friday 20th trading day

Down was down but nit near it lows when I got home from work.

Waiting for a drop, and yes it dropped to 7275 when I bought the Nikkei NIYH9 at 7215.

Guess what happened? The dow just continued to got down to the 7225 area.

Damn the Nikkei went to 7160.





Ar 7225 it toouched a descending trendline, yeah support!!!

It goes back up. The Nikkei also to the 7235 area. I got out at 7230. A profit of 15 ticks.

I got out when we were at the upper descending trend line at 7300. Then the dow went lower again. Yeah what a trader i was. I bought the Nikkey again and went out every time with 5 ticks profit.

Then the dow sky rocketed when it went throughthe line of reistance.

Damn!!!!!


AT the lowet point I also bought the EMXCME at 491, got out at 494 just as the dow passed through resistance. Only 142$ profit i didn't get the extra 300$.

My trading profit are thus 8000 yen and 142$.

That is about the double I earn in a day work, but it could have been much higher.

The descending VIX was a pretty good indicator maybe to see the signal that we would break resistance on the upside.

No evening trading today, so i will probably not engage in another trade.

Conclusion for this week: I buy always too soon and sell to soon, just before the break out.

That is typical: when at loss I would be more happy to exit the trade at zero loss.

I have become a heating oil trader now

On Tuesday, February 17 th 2009, I decided to trade the HO (heating oil market).

I guess that the electronic market I see at InteractiveBrokers is not the primary market: the bid/ask changes rapidly but hardly any traders.

On Tuesday, oil was going down and heating oil went from 1.3 to 1.20, time for some action!

I planned to buy at 1.20, but my order wasn't filled, I cancelled it.

Then oil sank further and HO went below 1.19 , I bought at 1.1866.

Again too soon as it went lower to the 1.18 area. Buyers at 1.18 could start trading in-and out. But I was in too high.
It went even to the low 1.17, where I bought twice and sold twice wit a little profit (Less than 10 ticks). Spread was very high and almost after each sell I did, price went up, sometimes 75 ticks.

My initial position didn't get closed that day. Since I have no access during working time to InteractiveBrokers, I put in a sell at 1.1869 (to recover cost).

I got filled at 10h54 AM local time Brussels.

My loss of almost 700$ was gone and turned at the end in a little profit.

So far the HO trading.

The next day it went to 1.1381, so if position was not closed losses would have bee, up to 2000$!!!!!!!!!!!!!!!!!!!!


Potential trader be aware, losses are much more easier than profits.



Days after lead to wild jumps in prices, the real trader would have made a month's pay in one day.

NIYH9 sold for 7735 yen

At the 6000 yen profit after selling it at 7735 this afternoon.

Will try to buy it lower this evening/night.

Lost a week pay check this week!!!!!!!!!!!

Had several opportunities to sel the Nikkei future, but hoped that the DJ would break out on the upside.
Bought low , could have sold mnay times high and bought low again.

Am to much influenced by James Mound who thinks the stock market will rally.

I lost my 30000 yen in profits today!!!!!!!!!!!! Damn!!

DJ collapses!!

Damn , profit of 32500yen is now loss of 20.000yen.

Greed is not good. Could have several times sold with profit, and now at a loss

I would have made break even on the oil trade.

DJ went from -60 to -150 in a few minutes, wiping out my Nikkei profits.

QMH9 doesn't move anymore, this should normally have collapsed.

I will go over the weekend for the Nikkei.

I have to check but i think Wallstreet is closed on next Monday, maybe the Nikkei will not fall too much.

The technical signs were there but I was too emotional. Have to take the losses with me this weekend.

See how the right timing brings you profit, and if greedy losses.


7660a/7665a for the Nikkei; almost 100 points in difference.

21h22 trading evening almost finished. In case of losses, there are more interesting things to do than trading, when winning it feels much better.

I will put on Live365.com for some country music.

My 125.000 yen on my account (all earned !) will not increase this day, it will shrink i fear.

Another rising trendline at around 7845 now the DJ.
NIY at 7720b/7730a

Just break even now. DJ at upwards resistance at 7865. Get up DJ get Up!

Above resistance now.

Back at resistance.

am too much involved here , bad trader people would say. No emotions.

BACK BELOW RESISTANCE!!!!!!!!!!!!!!

At a loss again after 30 points profit.

DJ at critical junction, 15 minutes regular trading to go.

KDUS.OB

Another holding is KDUS.OB.

Got in at 1.21$ 1000 shares. Is now at 1.42$

Should have bought more, has 1.95$ in cash per share. There is no reaso why such a stock should fall, because they are not burning cash.

This will go out at 1.75$ or so.

Damn, DJ back at rising trendline 7875.

What concerns the oil trade, you only should buy it after a drop of around 3$ then you are usually safe: day ranges usaully overlap, so you can always liquidate at around break even.

Probably

Actually I missed the QM sell at 36.45 coz my limit was 36.50$ and I coulnd't change it.

Their mobile trader doesn't work on my phone. I sometimes use the mobile trader from a PC because it is realy fast compared to starting up the trader application.


7730b/7745a sell order at 7740, cancelled it coz DJ back to 7875.

7745/7755 now.

21h05: back at trendline.

21h07 trend line broken, damn! should have sold.
7710/7720, can't even sell break even now.

Didn't follow basic trading lesson, line broken SELL! But every I did that, the trend immediately reversed.
Now I din't sell, and it kept goging lower.
I mssed 65*500 = 32500 yen here in profit.


Crude oil harly rects, just before the surge, every move in the DJ was reflected into the crude price.
This means that trading perception in oil has changed.


And I made a trading mistake realier; bougth at 7725 and sold at 7725 thinking I actually bought at 7720.

21h11: DJ now at descending trendline. Will it go up again?

20h55: Dow Jones in symmetric triangle and it actually broke out on the upside.

NIYH9 at 7745b/7755a. DJ at 7885.
No evening trading today, so I would prefer to liquidate this evening.
DJ tends to move hectic in last trading hour.

Trading the Nikkei index

On 13/02 at 17:59:56 one NIYH9 was bought at 7720. Of course, it fell afterwards to 7675 then rose to 7785 (didn't sell yet, hoping for a spike in the YMH9 contract.

Indeed, this has proven very profitable. Trade the Nikkei when it home market is closed and trade it solely on expectation value. Each time the DowJones drops, the Nikkei moves the same way and the same magnitude. If you are wrong at the end of the trading day, you can *hope* that the actual market will not move teh next day beyond your *entry* point.

20h30 still not sold the contract, DowJones hoovers around 7885 which is just on a rising trend line. NIYH9 at 7740b/7755a. Usually spread is 10 point, so you can get in between and trade at a better price.
20h31 NIYH9 at 7720b/7735a because DowJones back -75 points.

Wonder hwo this trading day will end.

Another trade failure

Bought one QMH9 aon 11/02/2009 at 36.50.

It went down to 36$.

Didn't want to sell at around 36.15$ on 12/02/2009. That day it dropped to 33.20$ Damn! Should have bought more, but was at some moment facing a loss of 1650$.

Put in a sell order at 36.50$ on Friday the 13th! Damn again, it reached 36.45$ or so, not hitting 36.50$.

It moves back to around 36.375$ on 13/02 around 18h37 local time.

Sold then at 36.125$ for a loss of 195$. It slides down a bit to 35.75$ but then explosively rises to 38.25$.

Feeling a bad trader here.