Wednesday, October 22, 2008

Wednesday Day Trading: ES Short Trade $1300 per 2 Contracts

Click on chart for comments on the ES market trade. This is a trade that I did not participate on, but it was a really nice shorting opportunity after doing basically nothing all day.

DOW went down on the futures 700 points before making any recovery effort.

Good Trades,

David AKA Tiger

Wednesday Day Trading: ZB Long Final Trade Details

Final Trade Details:

Entry at 1:35PM Eastern time at 115^22

1/2 Profit Target at 115^30 = $250
2/2 Profit Protective Stop at 115^31 = $281.25

Total on Trade for every 2 contracts traded was $531.25, before
commission costs. Just so you know I pay $5 per round turn on the
ES and ZB.

So the net gain on trade was less $10 for every two contracts or
$521.25 today.

I will be placing the final trade on my blog today, but y'all saw
it first!

In any case, I have decided for now we will have a trade of the
week, since I do a video of the week, etc.

I want to wish you all the best in your trading, and as always, if
I can ever be of assistance please let me know.

On a final note, I will be placing another educational video on the
training blog this week called:

That's All Folks have a great rest of the week!

Good Trades,

David AKA Tiger

Current ZB Trade Updated Chart 1/2 Off at 115^30 for $250

Click on chart for continued comments on the trade. New stop set at 115^24 looking for 116^10 on move up. This trade will close out at 2:50PM Eastern time, if not hit.

My trading plan will look to move my protective stop closer to market action as we get closer to closing time in the bonds. This trade is in the long bond or the 30 year treasury.

Good Trades,

David AKA Tiger

Wednesday Day Trading: Trade of the Week EMAILED to List

Hello Traders,

This one was emailed to my list today. I am still LONG on this one with a protective breakeven stop at 115^22.5 now. We will see what happens.

Good Trades,

David AKA Tiger

Wednesday Day Trading: ZB Short Trade

Click on chart for comments on the Long Bond 30 Year bond trade. This is an example of getting close to your profit target and protecting your position and not allowing your trade to turn into a loss.

Good Trades,

David AKA Tiger

Tuesday, October 21, 2008

Video of the Week: Bulls on Parade by Rage Against the Machine

Tuesday Day Trading: ZB 2 Long Trades $1,281.25 per 2 Contracts

Click on chart for comments on the ZB Market trade today.

There were 2 different trades today. First one made $500, and the second one made $781.25 on every 2 contracts traded. Today, I would like to comment on one over the other. The first trade took it's sweet time getting to the profit target, and on a pullback took out the second contract.

I, personally like to see a quick move to the profit target like in the second trade. The second trade made the profit target in one bar, and the average daily range high was also taken out before any pullback came into play.

As you can see, the second trade was stronger and had more pull than the first one. This is a good case of how momentum can work for you while you are in a trade, and in this case it was able to carry you to the average daily range high.

I placed my long profit stop at 115^08, but I was toying with that number and 115^10. In the end, I went with an exit of 115^08.

One note, if you were trading 3 contracts or a series of 3, there was an opportunity to trade on the greenline and exit on the 3rd contract at 115^06. Today, I made the decision to only trade the 2 contract series and not the 3 contract series.

My thoughts are ... I have made a lot of money in September and October, and more importantly, I want to take it with me and not give it back.

Good Trades,

David AKA Tiger

P.S. I saw no trades early yesterday, and I took my kids to the ZOO. Another key to being a day trader is being able to take time to smell the roses. Just my humble 2 cent opinion on trading here.