UNG 133-Ticks
This is fun! I've only bought and sold unleveraged products for my aunt but have never traded anything else other than forex and futures myself.Setting hard stop at the low of day was not a problem. I even went out for a smoke half way during the trade.
Letting profits run was a breeze!
Truly refreshing.
So 3 trades today:
Long E7
Long 6B
Long UNG (don't ask me what company this is coz I have no idea - all I know is that its average volume is 10mil shares/day).
7 comments:
Is it Nat Gas? If so, that's more evidence that you are moving ever closer to just trading oil & beans :-)
Just try to avoid beans and gas!
:-)
Wow, that's really a pretty chart to trade from.
Letting profits run is definitely something very easy to do, especially when your trade goes into the money right after you've entered it :)
Good work Jules! Its nice banking some coin strait up with you new style/platform.
Its taken some months of testing - but I think i've just got my scalping system back on track. Forex of course!
Talk to ya soon :) PT
LOL!! UF & DT, oil and beans excite you, don't they? :-)
DT, try DURIAN
http://asiancuisine.suite101.com/article.cfm/durian__the_king_of_fruit
and you'll realize that beans are not so bad :-)
:-) Albert!
It's actually not as much about going right into money as it is about not being too bothered about the money you might lose (ie stop loss).
I realize that after my aunt repeatedly gave me hundreds of thousands of portfolio to manage each time while she flew away to vegas, and she's never taken a loss. All because she doesn't care about the money she's invested (but she's prudent, and she made sure that both D and I have done our homework LOL!!)!
The moment she parted with her money to purchase those stocks, she's prepared to lose them all (all because I lost every penny of her USD 200k during the dot.com bust when the company I invested for her - on a colleague's tip - FOLDED, so she learned :-)).
To her, the amount she invested in a single stock is her stop loss :-)
P.T!! :-)
It's nice to let profits run for once. The profit in absolute dollar amount for those gas (dirt cheap at 11 bucks)is so insignificant I didn't even include it in my recording of my net PnL for the day. Being able to let the chart do its thing is what is so exhilarating about the experience :-)
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